Remittitur is a court's reduction of a jury's damages award that it finds excessive, usually offered to the plaintiff as an alternative to a new trial. It lowers the realizable amount of a verdict.
Large verdicts are often cut after trial, by remittitur, by statutory caps or on appeal. A funder valuing a verdict has to account for the distribution of reductions, not only the headline award.
The treatment of excessive awards differs by jurisdiction, and some rules limit how much a court can adjust.
Remittitur is not a reversal. The verdict on liability stands, and the amount is adjusted.
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