Georgia Court of Appeals Overturns 65 Million Dollar Verdict in Atlanta Cardiologist Fraud Case

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The Georgia Court of Appeals has overturned a $65 million punitive damages verdict awarded to Atlanta-area cardiologist Naresh Parikh against restaurateur Chittranjan "Chuck" Thakkar, citing the amount as excessively disproportionate to the compensatory damages of $650,000. The court upheld the jury's finding of fraud but emphasized that the punitive damages should be more aligned with the economic harm caused to Parikh, dismissing the argument for such a high punitive figure. The ruling allows for a potential second trial focused solely on the issue of punitive damages, with both parties having the option to appeal to the Georgia Supreme Court.