The Supreme Court's Preposterous Formula for Punitive Damages

Ricky Ott talks about how this eventually gets appealed to the Ninth Circuit where basically the judges say, well, the community wants five billion. So why don't we just award two point five billion? Ricky Ott says like, this hasn't happened before. And so then of course the company then appeals because this company is terrible. They appeal up to the Supreme Court and they cut it to 500 million. The Supreme Court doesn't even cut the punitive damages to 500. They cut the entire damages. Like that makes no sense.