A lot of mesothelioma patients are hesitant to file a lawsuit, fearing their case may get dragged out. However, most mesothelioma claims are settled out of court.

Who Gets Settlements?

Mesothelioma settlements are awarded to victims of asbestos exposure who developed mesothelioma. Settlements are amounts agreed on by both parties to avoid going to trial. Because there is a high degree of uncertainty in trials, settlements are a surefire way to receive compensation.

Benefits of Settling

  • Receive a Guaranteed Sum

    The primary benefit of mesothelioma settlements is agreeing upon a guaranteed sum of money. Going to trial is risky because the outcome is placed in the hands of a judge and jury, whose opinions may be swayed.

  • Avoid a Lengthy Trial

    Trials move slowly, and unfortunately time is not a resource most mesothelioma patients have. Taking a settlement expedites the payout process, and that money may provide funding for better treatment.

  • Settle in Private

    One of the downsides to trials is that they are public. Whether you win or lose is made public on a docket, which may be unsettling if you are awarded a large sum. Settlements allow you to keep your compensation private.

Get Compensation Through Settlements

Most mesothelioma lawsuits never go to trial. Mesothelioma attorneys usually try to settle their cases outside of court to save their clients the time and hassle of a trial.

Why Settle Out of Court?

  • Average winnings of about $1 to 1.4 million
  • Less risk than letting the court decide
  • Quicker than going through a trial

What Are Settlements?

A mesothelioma settlement is an agreement made between the patient or patient’s family and the at-fault asbestos company. Settlements are made to avoid going to trial. Every mesothelioma lawsuit progresses as if it is going to trial, and there are quite a few steps involved in this process. The steps of mesothelioma litigation include discovery of evidence, depositions and pretrial motions.

During this part of the lawsuit process, mesothelioma attorneys try to force the hand of the asbestos companies into offering an acceptable settlement. This involves a lot of formalities and negotiations, but both parties usually intend to settle unless it’s under precarious circumstances. An overwhelming majority of all lawsuits, including mesothelioma lawsuits, are settled out of court.

How Much Are Settlements Worth?

Settlements vary in amount from case to case and out of court settlements are rarely made public. However, there are several estimates of mesothelioma settlement amounts made through policy research. A report by the Rand Corporation in 2005 found that the overall compensation for mesothelioma lawsuits rose sharply in the 1990s.

A study published in 2007 found that the average mesothelioma settlement is most likely somewhere between $1 million and $1.4 million.

How Are Settlements Determined?

The amount of compensation depends on various factors involved in the negotiation of the settlement with the asbestos companies. Every settlement is different and some factors may be more important to than others in negotiating a settlement, but there are certain topics consistently covered in every case. Some of these factors include:

  • Medical expenses
  • Lost wages
  • Pain and suffering
  • Asbestos exposure history
  • Diagnosis
  • Accumulation of debt from lost wages

Should I Take My Case to Trial?

Mesothelioma cases go to trial when the plaintiff and the asbestos company can not settle on the amount of compensation. This is rare, as most mesothelioma cases are cut and dry; there is generally more than a preponderance of evidence in favor of the patient, encouraging asbestos companies to settle.

The primary disadvantages of going to trial are the uncertainty of compensation, the expense and the length of time the process takes, so settlements are sought out a majority of the time. However, every mesothelioma case is different and it could potentially benefit a patient to seek a verdict. Find out the best course of action for you by getting connected to top mesothelioma law firms.