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Product Liability Verdict Statistics
June, 2011
Jury Verdict Research released a study that found that the median compensatory award for products liability cases involving transportation products is $3,000,000. This is almost twice the median jury award in products liability cases of $1,531,961.
JVR breaks it down a little further with more specific median verdicts:
- Industrial & Construction Product Liability Lawsuits: $1,254,180
- Medical Products Liability Lawsuits: $1,254,180
- Commercial Products Liability Lawsuits: $725,00
- Consumer Products Liability Lawsuits $279,309
While these verdicts are high - and the average product liability verdict is much higher - the key is getting a jury verdict. Product liability cases are tough. You have to fight every step of the way and you - typically "you" refers to the attorney - need to risk a lot of money, sometimes well in excess of six figures, in hopes that you will get a good verdict or settlement.
We are reviewing both individual and class action products liability lawsuits throughout the country. If you want to discuss your case or get information on a particular class action lawsuit pending, call us at 800-553-8082 or click here for a free Internet consultation.
