Expert Testimony: First, Mr. Johnson was asked to calculate Mr. Stewart’s economic damages. In calculating the earnings loss, Mr. Johnson reviewed Mr. Stewart’s payroll information and union data as a journeyman foreman and plumber and projected the income loss out to the end of his work-life capacity, age 65. He next projected Social Security and pension income losses to the end of Mr. Stewart’s normal life expectancy. Finally, Mr. Johnson calculated the loss of household services due to Mr. Stewart’s injuries. The total present value of Mr. Stewart’s economic damages was $1,305,366.
Second, Mr. Johnson was then asked to return at a later date to testify as to punitive damages. In this phase, Mr. Johnson’s primary task was to frame, in economic terms, the financial condition of Union Carbide Corporation. The financial condition encompasses the areas of financial health, wealth and economic status. Mr. Johnson reviewed Union Carbide’s financial documents and testified that the firm had $7.5 billion in Sales (approximately $6 million per 8 hours), $1.1 billion in Net Income, $6.1 billion in Net Worth and $3.625 billion in Cash.
Result: On November 18, 2008, the jury of 7 men and 5 women awarded $9,200,000, including $6,000,000 in punitive damages, after a 5 week trial. Defendant Union Carbide Corporation, maker and seller of dangerous chemicals and agents, and a wholly owned subsidiary of Dow Chemical, was found to be at least 85% responsible for plaintiff's cancer. Although Union Carbide Corporation has been held liable in other asbestos cases, the award of punitive damages here is believed to be the very first time the chemical maker has been assessed an amount of punitive damages for an asbestos claim. The case is being appealed by defendant.
Attorney’s Comments: According to Plaintiff’s counsel Carolin Shining, “Mr. Johnson was wonderful in coming down the night before to prepare with us on the punitive damages phase. The judge only gave us a day to prepare for the punitive damages phase. Mr. Johnson went the extra mile in helping us prepare.”