Request Legal Help Now - Free
LAWSUITS NEWS & LEGAL INFORMATION

Juries Side Against Companies in Defective Product Personal Injury Lawsuits

. By
New York, NYCompany executives may want to spend more money on public relations in 2010, as a recent Bloomberg report finds that more and more juries are ruling against industries in defective product personal liability injury lawsuits.

During 2009 the value of the top five product-defect verdicts rose by 53 percent, representing a $620 million loss for the business world. The news provider is citing the recession and its resulting 10 percent unemployment rate as factors in jurors' decisions to penalize large companies.

"It's a reflection of the fact that Main Street is hurting," plaintiff attorney Tobias Millrood, who himself successfully sued Pfizer for $34 million last year, tells Bloomberg News. "In this climate, there's a strong identification with the little man. Now a keener eye is given to the actions of big business."

Five of the fifty largest verdicts of 2009 involved claims on defective goods, the largest of which was a $300 million award against a Philip Morris unit in Florida.

Though there has been a significant rise in product liability verdicts over 2008, the peak for liability lawyers occurred in 2000 when 10 such verdicts cracked the top 50 legal awards of the year.

READ ABOUT INJURY LAWSUITS

Injury Legal Help

If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to a defective products lawyer who may evaluate your Injury claim at no cost or obligation.

ADD YOUR COMMENT ON THIS STORY

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.


Click to learn more about LawyersandSettlements.com
Request Legal Help Now! - Free