Coral Cadillac, Inc. v. Stephens

Appellant, Coral Cadillac, Inc., appeals from a final judgment following a jury trial and from an order denying its motion for rehearing/new trial, motion for remittitur, and motion to limit judgment on punitive damages. We affirm as to all issues raised, except the statutory interest rate issue, which we reverse. In affirming the punitive damages award we write only to discuss whether the punitive damage award must be limited to three times the compensatory damage award.

Appellee purchased a 1996 Seville “demo” car, with low mileage, from Coral Cadillac’s showroom and was told that the car…