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All mesothelioma settlements begin as lawsuits. History shows an overwhelming majority of cases end in a settlement before reaching the courtroom.
Settlement and verdict amounts depend on:
A claimant’s diagnosis and medical history
The number of companies sued
Where the claim is filed
Proof of negligence
Lost wages, medical bills and other expenses
Compensation is linked heavily to the strength of the case, which brings into play the plaintiff’s specific diagnosis, health condition, and the degree of perceived liability on the part of one or more defendants.
According to a recent Mealey’s Litigation Report, the average mesothelioma trial award is estimated at $2.4 million. The average mesothelioma settlement is between $1 million and $1.4 million and typically paid by multiple defendants. However, no cases are alike.
Every case is unique. An experienced mesothelioma attorney can build your case, negotiate settlements on your behalf and help you understand the statute of limitations for the state where you file a claim.
Learn your legal rights with our free mesothelioma guide.
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Do You Settle or Seek a Verdict?
While a jury verdict may result in a larger award, there is no guarantee the jury will side with you. Juries can be surprising, and many attorneys can attest there are no sure bets in a trial. While the amount awarded in an asbestos lawsuit settlement may be smaller than what might be expected in a trial verdict, at least compensation is guaranteed.
The decision to settle or go after a verdict is best made with the advice of an experienced mesothelioma attorney. These lawyers understand the nature of mesothelioma and other asbestos-related diseases. They realize a quick resolution to a lawsuit is not only desired but necessary.
Ultimately, it will be up to you to accept or decline a settlement offer. There is no magic formula to decide whether to reject an offer and take the case to trial. The issue becomes whether you are ready to end the case by accepting the offer. Only you or your family can answer that question.