Are there any limitations on the amount of punitive damages available in a securities arbitration case?

Yes, there are limitations on the amount of punitive damages available in a securities arbitration case in New Hampshire. Punitive damages are a form of civil liability, issued when a defendant is found to have engaged in conduct deemed so egregious that it warrants punishment beyond compensatory damages. In New Hampshire, punitive damages are generally available only when a plaintiff has proven that the defendant acted intentionally or recklessly. The amount of punitive damages awarded in the arbitration must be proportionate to the harm suffered by the plaintiff and must not be disproportionate to the gravity of the harm. The Supreme Court of New Hampshire has held that punitive damages should generally be limited to three times the amount of actual damages. Additionally, both federal and state law limits the maximum amount of punitive damages that a plaintiff may be awarded in any case. Federal law generally limits punitive damages awards to $10 million or less. In New Hampshire, punitive damages are generally limited to $250,000, with the exception of motor vehicle negligence cases, where the limit is $500,000. Overall, while punitive damages are available in securities arbitration cases in New Hampshire, they are subject to both state and federal limits.

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Are there any limitations on the amount of punitive damages available in a securities arbitration case?

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