Your mesothelioma case value is determined by multiple factors, with the most important being the asbestos-containing products to which you were exposed, the extent of the exposure, and the illness you developed as a result. Sokolove Law will look at your medical history, work history, military service, if any, your early family life, and more to build your case.
Understanding Mesothelioma Case Values
The compensation amount that victims of malignant (cancerous) mesothelioma and their loved ones may receive from a settlement or trial verdict depends on several different factors. However, families may have options for maximizing this mesothelioma case value.
One of the best ways to maximize the potential value of your case is by working with Sokolove Law — an experienced mesothelioma law firm with a nationwide reach.
Sokolove Law has over 40 years of experience in handling personal injury claims. We have an office and a licensed mesothelioma attorney in nearly every state to help maximize your mesothelioma case value.
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What Determines Mesothelioma Case Values?
Malignant mesothelioma victims commonly want to know how much money they could receive from pursuing a legal claim. When you work with Sokolove Law, the lawyers who represent you will assess several factors when determining your mesothelioma case value.
Mesothelioma case values may depend on:
- Degree of asbestos exposure
- Proof of exposure and company negligence
- Which companies are at fault
- Costs created by your illness
- Medical bills (for mesothelioma treatments)
- Age/health of the person at the time of diagnosis
- Loss of income
- The number of dependents you have
- In which state(s) your case can be filed
- Pain and suffering
- Funeral expenses
This is not an exhaustive list, and case values may depend on other factors as well.
Degree of Asbestos Exposure
The degree of asbestos exposure is a major factor in determining your mesothelioma case value.
For example, someone who handled asbestos-containing materials for years in a factory likely inhaled or ingested more asbestos fibers than someone who was exposed at a summer job.
However, this does not mean the latter case has no value. Even minimal exposure could lead to illness and, in turn, eligibility for financial compensation.
Proof of Exposure and Company Negligence
Along with your degree of exposure, your legal team must prove that the company (or companies) in question knew or should have known the risks of asbestos and ignored them or did not warn you about them.
When building your case, Sokolove Law will gather certain information from you to help identify to which products you were exposed, the level of exposure, and the duration of the exposure.
Your work history will be most useful in determining which companies may have caused your exposure and more specifically, which of the companies’ products or equipment you handled that contained asbestos.
Based on the information you provide, Sokolove Law will build your case in part using a proprietary database of asbestos companies, products, jobsites, and previous legal cases.
This allows us to identify products and companies that exposed you to asbestos. We likely already represent someone in your same occupation or at the same location as you.
Which Companies Are at Fault
Your case value may depend on which manufacturers who sold asbestos-containing products are responsible for your cancer.
Your dedicated team will determine the companies against which to pursue legal action based on your exposure history.
Here are some important points to consider:
- If you or others around you used multiple asbestos-containing products, some or all of their manufacturers could be liable. This could increase your chances of a larger recovery.
- If you served in the United States military, asbestos-containing product manufacturers who sold goods to the military could be added to the suit.
- Mesothelioma claims are made against the manufacturers of asbestos-containing products, not the U.S. military or U.S. government.
- Many companies have been acquired by larger corporations. These new owners could also be part of the suit. Your legal team will work to establish if any prior company has been purchased and continue under the corporate buyer.
Medical Expenses and Economic Losses
Your mesothelioma case value is also determined by how mesothelioma impacts your finances. Diagnosing and treating mesothelioma is expensive, particularly because the disease is often hard to identify properly before it has spread.
Once the cancer has been diagnosed, surgery, chemotherapy, and radiation are the standard treatments. The financial fallout from these medical expenses can often add up to over $500,000.
Medical care can be even harder to afford if someone stops working as a result of the diagnosis. This can include the person affected or a loved one who must provide full-time care.
As your Sokolove Law legal team builds your case, they will factor in the cost of care and your economic losses into the amount they request on your behalf.
Age of Person Affected
A mesothelioma diagnosis is fatal. Since most victims are diagnosed in their 60s or 70s, this deadly cancer quickly robs them of being able to enjoy their well-earned retirement years. Many victims have suffered years of poor health due to the worsening damage from asbestos fibers.
In very rare cases, mesothelioma can develop in younger adults, teenagers, and even children. This can emotionally and financially destroy the affected family.
Family Members and Dependents
A mesothelioma diagnosis does not just impact one person — it impacts entire families.
The number of affected dependents impacts your mesothelioma case value. If you have a spouse, children or other legal dependents, the value of your claim can increase because they need to be provided for. While other adult, non-dependent children certainly also suffer loss, it is not to the same extent as those family members dependent on the injured.
For those still working when diagnosed, their spouses and children lose a source of household income. This can make it hard for families to pay for the cost of living.
Whether working or not, a mesothelioma diagnosis and its symptoms prevent the family from receiving the same level of care and comfort of the injured as they had received before the diagnosis of mesothelioma.
There are additional factors that can impact your mesothelioma case value.
Additional factors include:
- Defendant Status: This involves understanding the status of the companies that exposed you to asbestos. Solvent companies can afford to pay full compensation, while bankrupt companies can only pay a percentage of the value of compensation if anything at all.
- Jurisdiction: The national reach of Sokolove Law allows your case to be litigated in any state that the law allows, increasing its potential value. You may not be able to do this if you work with a local law firm that is limited to just the state in which they are located.
- Current Health: It will be considered if you are already in poor health or have signs of other health problems when determining the severity of impact mesothelioma has on your life.
Who Qualifies for Compensation?
You may qualify for compensation if you were exposed to asbestos at your job and were diagnosed with mesothelioma as a result.
Below is a partial list of jobs that may have put you at risk of asbestos exposure. For a complete list of occupations, contact Sokolove Law.
Jobs with a high risk of asbestos exposure include:
- Aircraft Mechanics
- Assembly Line Workers
- Automotive Workers
- Cabinet Makers
- Coal Miners
- Construction Workers
- Demolition Workers
- HVAC Technicians
- U.S. Military Service Members
- Plant Workers and Technicians
- Ship Builders
Our paralegals and patient advocates can help determine how on-the-job asbestos exposure may impact your mesothelioma case value.
Should I Settle Out of Court or Go to Trial?
Whether or not you and your legal team decide to settle out of court or go to trial depends on the facts of your case.
Factors in this decision can be:
- How much time a patient with an asbestos-related illness has left to live
- How long a mesothelioma patient or a family can wait for potential compensation
- Whether or not a settlement amount — if offered — seems appropriate
- Whether or not the victim and or family members are willing to testify
- The odds of a jury siding with a victim’s mesothelioma or asbestos case
- The overall strength of the case, including the number of companies involved and the strength of the testimony and evidence collected
Sokolove Law works hard to provide you compensation, and the overwhelming majority of the time, this is through a settlement.
The defendant companies know we are prepared to try the case and that we have been very successful in the past. Rather than take a risk and having to pay even more, many defendant companies will offer a settlement resolution. Of course, if there is no settlement offer, we will try the case.
Further, we educate clients to understand that even if we win at trial, the defendant companies could appeal, which can delay compensation for years.
Meanwhile, a mesothelioma settlement can provide compensation in days.
Average Settlements for Mesothelioma Cases
Whether your case settlement value is average, below-average, or above-average cannot be determined until fully investigated.
Mesothelioma case values can increase or decrease based on a host of factors, and because every case is different, previous results do not guarantee or predict future outcomes.
Average Mesothelioma Case Verdicts
A case that goes to trial may be able to recover more money than it would have through a settlement.
In some cases, settlements are reached after a jury verdict is rendered when liable companies decide not to appeal a verdict and instead opt to settle with a victim.
Other Forms of Mesothelioma Compensation
Besides settlements and verdicts, other types of mesothelioma compensation might be available depending on a person’s case.
Asbestos Trust Funds
In the 1970s, when the deceit of asbestos-containing product manufacturers was discovered and a wave of mesothelioma lawsuits followed, many of these companies ran to bankruptcy courts looking to avoid paying those they had injured.
Although these companies were allowed to avoid some liability through bankruptcy — and not pay each of their asbestos victims what they deserve — they were court-ordered to set aside money for current and future asbestos claims.
The estimated valuation of asbestos trust funds is around $30 Billion. Today, claimants may qualify for a portion of this money through bankruptcy trust fund payouts.
Contact Sokolove Law to learn more about filing asbestos and mesothelioma trust fund claims.
Companies sold asbestos products to the U.S. military for decades, and, as a result, it’s estimated that over 20 million American veterans have been exposed to asbestos during their service.
For veterans who were exposed to asbestos during their service and developed mesothelioma as a result, the Department of Veterans Affairs (VA) offers health care services and monthly payments.
Sokolove Law also has VA Accredited asbestos attorneys and paralegals who can put you in touch with a Veteran Service Officer.
Choosing a Compensation Route
Each mesothelioma compensation option has different eligibility requirements. It is a good idea to discuss your legal options with a mesothelioma law firm like Sokolove Law to avoid any missteps that could reduce your compensation.
Sokolove Law will not only go over all of the available options — they will also help a victim identify the best route toward maximizing their mesothelioma case value.
What Is My Mesothelioma Case Value?
Sokolove Law was founded over 40 years ago to stand up to companies that knowingly harmed innocent workers to maximize their earnings.
Our experienced mesothelioma lawyers have helped thousands of families recover over $4.6 Billion in compensation for asbestos-related diseases.
To help right the wrongs these companies caused, contact Sokolove Law today for a completely free, no-obligation legal case review. One of our dedicated team members will listen with care to the facts and help you determine whether or not you have a case.
Learn more and get a free case review today.