Asbestos use was banned in the 1970s, but thousands of workers had already been exposed to the mineral by then, and many more were exposed after the ban and developed mesothelioma. As a result, lawsuits have been filed by those affected by the exposure to asbestos they experienced at their jobsites. Thousands of settlements have been made from these lawsuits thus far, and thousands more are sure to follow.
The Settlement Process
Since so many workers have made claims against companies that knowingly exposed their employees to asbestos, the number of settlements have increased each year. Some companies formed trusts to settle legitimate claims of mesothelioma from previous personnel. Other companies have decided to go through court proceedings and fight their cases. However, few companies have won the court battles, and many more have simply settled with plaintiffs, either through a trust or on a case-by-case basis.
Cases do not start out as settlements. Typically, a victim of asbestos exposure will seek the assistance of an expert attorney who has worked with mesothelioma cases before. Checking the lawyer's track record in mesothelioma settlement cases can get you a better result.
Defendants in these cases will typically make an initial offer that is much lower than what the victim is entitled to. It is best to hold out for a better offer down the line. Some companies will even make another offer just before the trial is set to start. If no settlement amount can be reached, defendants may sometimes make an additional offer during the trial, especially if the verdict does not seem to be in their favor. Some victims often sue several companies, and some of those companies will choose to settle, while others will not. Many companies choose to settle because there is simply not enough time to complete the necessary research before the trial, or there is overwhelming evidence in the plaintiff's favor.
What Is a Typical Mesothelioma Settlement Worth?
The amount of a settlement can range from very moderate amounts to those in the millions. Settlements are never made public, so the average amount is difficult to know. However, looking at court awards in these cases can help.
If you or a loved one was exposed to asbestos and have developed mesothelioma, seek the help of an attorney today to get compensation. Please also fill out our form so that we can help you find one.