Asbestos Verdicts & Settlements
Posted on Wednesday, October 21st, 2020 at 10:08 am
One of the most tragic and expensive mistakes of the American marketplace was the long-term use of asbestos. Asbestos was used in a wide variety of industrial and consumer products. Over the years hundreds of thousands of people have been harmed as a result of asbestos exposure. And there have been countless deaths linked to mesothelioma and other types of cancers caused by asbestos exposure. This article will discuss some notable asbestos and mesothelioma cases, verdicts and settlements in American history.
Asbestos or Meso Verdicts and Settlements
Over the last few years there have been a number of lawsuits made for talcum powder asbestos. The plaintiffs in these cases claim they have injuries such as mesothelioma and ovarian cancer. Some have been able to get large verdicts. However, tens of thousands of cases have not yet been resolved.
There have been thousands of cases that have resulted in plaintiffs succeeding in getting compensation exceeding $1 million. In fact, it can be said the $1 million mark is the average amount received in such cases. Below is a list of more significant amounts that have been received:
July 2018 – $4.7 billion plaintiff’s verdict
Twenty-two women got a jury verdict of more than $4 billion in punitive damages and $500 million in compensation. This lawsuit was made in respect of ovarian cancer linked with asbestos found in Johnson & Johnson’s baby powder. The case is currently on appeal.
March 2003 – $250 million plaintiff’s verdict
The plaintiff was diagnosed with mesothelioma in 2001 and claimed his cancer was due to asbestos exposure. The plaintiff showed that there was asbestos in the insulation in the plant where he worked. The defendant in the case was U. S. Steel. The verdict was $50 million in compensation for damages and $200 million in punitive damages.
December 2002 – $4 billion settlement
Halliburton agreed to settle more than 300,000 claims on allegations of personal injuries linked to asbestos exposure. Some of Halliburton’s subsidiaries declared bankruptcy, therefore, the majority of the settlement amount was used to fund an asbestos bankruptcy trust.