Sawtelle Punitive Damage Award Vacated Court vacates punitive damage award on constitutional due process grounds as being arbitrary and excessive, labeling the $25 million dollar punitive damage award at “grossly excessive.” SAWTELLE v. WADDELL & REED, INC., No. 2330 (N.Y. App. Div., 1Dept., 2/11/03). Courts may allow arbitrators to award … Continue reading Sawtelle punitive damage award vacated as grossly excessive