Families affected by asbestos-related diseases may be able to seek justice through mesothelioma settlements or verdicts. Both are potential ways that mesothelioma patients and their families can receive compensation to help cover costs associated with the disease. A verdict is determined by a jury as a result of a trial. However, 95% of mesothelioma cases reach a settlement, or agreement by both parties, before ever making it to court.
Mesothelioma Lawsuit Settlements and Verdicts
After diagnosis, a mesothelioma patient can pursue justice and financial compensation through a settlement or a verdict.
These outcomes are the result of filing a lawsuit. A credible mesothelioma law firm that specializes in asbestos-related cases can help file a lawsuit against negligent companies.
Sokolove Law has helped victims of mesothelioma and their families file lawsuits for over 40 years. Our firm has helped thousands of deserving people receive over $4.5 Billion.
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What Determines a Settlement or Verdict Amount?
Settlements are often faster and less risky, but they can result in less total compensation than cases that go to trial.
Factors that may determine settlement or verdict amounts include:
- Cost of past medical payments/treatments
- Cost of future treatments
- Past and future money lost due to inability to work
- State where the claim is filed
- Strength of proof showing defendants’ liability
- The medical history of patient
- The number of companies involved in the lawsuit
- Travel costs associated with medical treatments
- Victim’s work and exposure history
In the rare instances when a case does reach the court, the claims process can be much longer — often stretching a year or even into several years.
Another complicating factor with mesothelioma verdicts is that the jury decision is not legally binding. This means a defendant — in this case, an asbestos company (or companies) — can appeal a verdict and ask for a new trial.
Settlements can be reached after a trial, but that is extremely rare.
Nearly 95% of these cases never see the inside of a courtroom. Most mesothelioma lawsuits settle instead of being tried before a jury.
In some cases, a defendant, rather than spending additional resources and incurring more legal fees, will opt to settle the case. This amount is typically less than the jury’s original verdict.
Average Settlement and Verdict Amounts
One of the most common questions people ask during these initial phases is: What is the average mesothelioma settlement amount?
Mesothelioma settlements have historically averaged between $1 Million to $1.4 Million. Cases can always be worth more or less than this, and much hinges on the individual details of a particular case.
An average verdict amount is $2.4 Million. As with settlements, this figure can only serve as a ball-park reference. A given case’s verdict amount will vary based largely on the strength of the evidence supplied during a trial.
Should I Settle or Go to Court?
After a mesothelioma complaint has been officially filed against asbestos companies, defendants have a limited amount of time to reply.
Typically, defendants will reject the claim. The plaintiff attorneys and the defendants will then undergo what’s known as the discovery phase. In this phase, both sides will provide evidence and counter-evidence to prove or disprove liability.
During this time, plaintiffs may wonder: Is it better to accept a settlement, if one is offered, or to take the case to court? The answer to this question will vary from person to person, but given the risk of a trial and the potential for a drawn-out process, many people agree to a settlement.
Still, a number of variables will factor into a person’s decision to accept a settlement or seek a trial outcome.
Some of these variables include:
- A mesothelioma lawyer’s advice and plan of action
- Overall confidence in winning a trial before a jury
- The length of time a person may have left to live
- The person’s need for compensation
- The strength of a person’s evidence
Because the best mesothelioma attorneys have had years’ — or even decades’ — worth of experience within this specific area of the law, they will help each individual make the best decision for them and their family.
Contact Sokolove Law
Do you have additional questions? Reach out to a trusted mesothelioma case manager at Sokolove Law.
Notable Mesothelioma Settlements
Mesothelioma settlements generally have lower case values than do mesothelioma verdicts.
However, because there is no guarantee of a specified amount of compensation, results can vary widely, and some settlements can be higher than some verdicts.
A few notable cases have been listed below.
$50 Million Settlement for Steel Worker’s Wife
In this 2003 case, which reached a trial before an Illinois jury, a steel worker’s spouse secured a $50 Million settlement from U.S. Steel Corp.
$10.5 Million Settlement for Pipefitter
This $10.5 Million settlement involved many different companies, all of whom contributed to this pipefitter’s exposure to asbestos.
The man developed mesothelioma after being exposed to asbestos-containing products as a boy, and later, while working as a pipefitter and maintenance man in refineries and foundries.
$6.5 Million Settlement for Manual Laborer
The manual laborer who received this $6.5 Million settlement worked as a gas station attendant, boilermaker, maintenance worker, assembler, and steelworker.
Over 140 companies were named in this lawsuit, including the man’s employers who did not use good safety practices or alternatives to asbestos.
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Sokolove Law has assisted over 6,000 families and recovered over $4.5 Billion for those harmed by asbestos. Learn how we can help you, too.
Why Our Mesothelioma Law Firm Works on a Contingency Basis
In 1979, when Jim Sokolove founded Sokolove Law, he dedicated his firm to helping men, women, and children in need. He focused on people who were often overlooked by the U.S. court system, especially for those fighting against the rich and powerful.
The goal of Jim Sokolove was to make the legal system more accessible to those who have been wronged by corporate negligence.
Jim’s founding principles hold true to this day. We work for anyone, regardless of their background. To help our clients access the court system, we work on what is known as a contingency basis, meaning we work at no upfront cost to you.
You do not have to pay anything to file a mesothelioma claim with us. Only when a case is successful — meaning it has reached a settlement or verdict — does our firm collect a fee. If a case is not awarded compensation, our firm does not collect any fee whatsoever.
Working this way aligns both the client’s and the firm’s goals so that reaching a favorable settlement or verdict is the main focus of any case.
Seek a Mesothelioma Settlement or Verdict
Whether or not you decide to settle your case or move forward with a trial is up to you and your loved ones. Lawyers and firms will offer you advice, but, at the end of the day, this decision is yours to make.
Whatever you choose, the mesothelioma lawyers of Sokolove Law will back you 100%.
Mesothelioma and other asbestos-related diseases are never the fault of the person who has been diagnosed. Asbestos companies concealed their knowledge of asbestos’ danger for decades, knowingly exposing their workers and the public to a lethal carcinogen.
The attorneys at Sokolove Law have worked for over 40 years, honing their skills and fine-tuning their knowledge in this specific area of law. In that time, they have helped secure over $4.5 Billion for over 6,000 individuals harmed by asbestos.
If you have been diagnosed with mesothelioma or an asbestos-related disease, you may be eligible to receive compensation through a settlement or verdict.
Let us determine if you are eligible for compensation — start a free case review now.