UHS subsidiary's punitive damages reduced to $120M from $475M; appeal planned

UNIVERSAL HEALTH SERVICES INC

Trial court ordered remittitur of punitive damages from $475M to $120M on Oct 10, 2024.
Compensatory damages of $60M from March 2024 jury verdict for patient sexual assault unchanged.
Plaintiff has 21 days to accept or refuse remittitur; Pavilion intends to appeal final judgment.
Company warns final resolution could have material adverse effect on financials.
Case relates to sexual assault of one minor patient by another at Pavilion Behavioral Health in 2020.

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