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Mississippi high court overturns $80M verdict for lack of jurisdiction

[JURIST] The Mississippi Supreme Court Monday overturned a verdict that had netted a Mississippi man $80 million. Carroll V. Hood and his company had been awarded the money, which included $75 million in punative damages, in a breach of contract claim against three insurance companies: Titan Indemnity Co., United States Fidelity & Guaranty Co. and St. Paul Fire and Marine Insurance Co. The court, in an opinion [PDF] by Justice Jess Dickinson, held that the forum selection clause in Hood's contract with the defendants vests personal jurisdiction and venue in the state and federal courts of Bexar County Texas. AP has more.

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