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Big Law

Court Slashes Credit Report Damages from $3M to $490K

An Alabama judge reduced a Fair Credit Reporting Act plaintiff’s $3 million punitive damages award to less than $500,000. The court held that it was not justified and could violate due process given the plaintiff’s “relatively minor injury[.]”

After the plaintiff filed his complaint, and in the normal course of its business, Experian removed the contested debt from the plaintiff’s credit report.

Read the source article at Legal News & Business Law News

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