MarketWatch
May 19, 2010, 2:10 p.m. EDT
By Val Brickates Kennedy, MarketWatch
BOSTON (MarketWatch) -- A federal jury in New York City ruled Wednesday that Swiss pharmaceutical giant Novartis AG must pay $250 million in punitive damages in a class-action sexual discrimination suit brought by about 5,600 female employees.
The award comes two days after the U.S. District Court jury awarded 12 of the women who testified in the trial $3.36 million in compensatory damages. Separate proceedings will determine if the remaining women are also entitled to compensatory damages, such as for pain and suffering.
Full Story: http://www.marketwatch.com/story/novartis-to-pay-250-million-in-punitive-damages-2010-05-19
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