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The punitive damages phase of the Saint Clare's Hospital pension trial in Schenectady has concluded. On Thursday (December 18), jurors were dismissed after lawyers from both sides reached an agreement. This development follows a jury decision last Friday (December 12) that awarded over $54 million to pensioners for their lost retirement benefits.
The trial faced a delay earlier this week when two defendants filed for bankruptcy, leading to an adjournment on Tuesday (December 16). The recent agreement allows pensioners to now focus on collecting their compensatory damages along with interest.
This case has been closely watched as it addresses the financial hardships faced by former employees of Saint Clare's Hospital due to the loss of their pension benefits.