What is the test for determining whether a defendant's financial condition is to be considered a factor in determining punitive damages?
California, United States of America
The following excerpt is from Pine Valley, Inc. v. Ajinomoto N. Am., Inc., B282443 (Cal. App. 2019):
It is well settled that evidence of a defendant's financial condition is a prerequisite to an award of punitive damages. (Adams v. Murakami (1991) 54 Cal.3d 105, 110.) The purpose of punitive damages is to "deter, not to destroy" and "the reviewing
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