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4384 An award of punitive damages requires meaningful evidence of defendant's present financial condition or ability to pay, and evidence of statements defendant made in the past about his assets does not satisfy this requirement; a plaintiff seeking punitive damages has the burden of presenting evidence of defendant's net worth; defendant does not have the burden of coming forward to disprove speculation by plaintiff regarding defendant's net worth.
KELLY v HAAG (Punitive Damages) 145 CA4 910 [See: EvC 500; Neal v Farmers 21 C3 910; Adams v Murakami 54 C3 105; Kenly v Ukegawa 16 CA4 49, T/AT 8/93]
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