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Asbestos Lawsuit Payouts and Expert Witnesses The amount of compensation a victim receives in an asbestos lawsuit depends on the nature and severity their diagnosis. Settlements can occur before or after the trial. Thousands of companies that used asbestos have shut down or gone bankrupt which has led to huge sums of money being set aside by courts for victims. Trials Often, many years go by between exposure to asbestos and diagnosis of mesothelioma or another type of asbestos-related illness. The lawsuits brought against the companies responsible for that exposure are designed to hold them accountable for the harm they cause. Mesothelioma lawyers can help those who suffer from asbestos-related diseases receive compensation. Mesothelioma cases can result in huge verdicts. If Youngstown asbestos attorney isn't settled before the statute expires, then the victim may not receive any form of compensation. Mesothelioma lawyers are familiar with the negotiation process and will guide their clients on whether it is in their best interest. Asbestos has been used in the United States for so many years that courts have ordered companies that manufacture or distribute asbestos to reserve money to pay victims. Trusts have been drained through the years, so settlement amounts are rationed. However, the amount of a verdict or settlement is contingent upon the amount of evidence that is available to support the claim. A mesothelioma attorney can evaluate any potential claim and decide the value of the claim through a no-cost evaluation. In the majority of cases the person who has been diagnosed with mesothelioma (or another asbestos-related disease) is the plaintiff. However, family members who have lost a loved one to an asbestos-related disease may be able to file a wrongful death lawsuit on behalf of the deceased. In addition to compensating a person for the financial burden of their injuries, a successful asbestos lawsuit can also award punitive damages. These damages are designed to punish a company and discourage others from engaging in similar wrongdoing. A California jury awarded a woman suffering from pleural cancer $52 million for exposure to asbestos from the products of Avon. The jury awarded a 48-year-old U.S. Navy veteran $11 million from companies that manufactured and sold asbestos-containing drywall, and the pipefitter was awarded $43 million for his occupational exposure to asbestos in products manufactured by Algoma Steel. Settlements Negotiations will begin once an attorney for the plaintiff's side identifies asbestos companies. Asbestos companies often settle claims quickly in order to lower their legal costs. Asbestos firms often seek to settle claims fast to limit their legal costs. Settlements for asbestos lawsuits can vary greatly depending on the case. In general, larger mesothelioma settlements are awarded to cases that have more severe damages. For example, an $11 million settlement was awarded to a 48-year-old U.S. Navy veteran who was employed as a drywall painter. The amount of compensation for mesothelioma is usually higher when there is more evidence to show that the victim was exposed to a specific asbestos producing company. When calculating the award amount, factors such as the age of the patient as well as the mesothelioma's total cost, future and past medical expenses, and lost wages are considered. An experienced mesothelioma lawyer can assist in determining the size of an asbestos settlement based on the individual's specific situation and the symptoms. During the course of the litigation the victim's lawyers will investigate and collect evidence of asbestos exposure. The legal team will file a lawsuit in the appropriate state court system. The plaintiff's attorney will then begin the process of discovery in order to discover evidence prior to trial. Most asbestos lawsuits are settled in court without a final verdict. A mesothelioma lawyer with experience can prepare the case for trial. Settlements are offered at any time during the litigation process. An attorney for mesothelioma can recommend that victims accept or refuse a settlement offer. Victims can decide to accept or counter an offer and continue to fight for a complete and fair settlement. If victims refuse to accept an offer of settlement, they can go to trial against asbestos-producing companies in order to receive an additional amount from a juror. Trials can be costly. The majority of mesothelioma lawyers work on a contingency basis, meaning they will only be paid if they obtain an asbestos settlement or win a judgment at trial. Statute of limitations If you are a plaintiff in an asbestos lawsuit the time limit for filing a claim will depend on the state in which reside. A lawyer can help determine the time frame that is already expired and provide advice on other ways that you can pursue compensation. In the majority of personal injury cases, the clock starts clocking when you suffer an injury. With asbestos exposure, however, it can take years for the symptoms to show up and be diagnosed. By the time you're ready to file a lawsuit, the statute of limitation may have expired. Apart from that asbestos companies also employ the delay method to make victims accept a small settlement. A mesothelioma attorney can prevent this by suing for the highest compensation amount. The amount of compensation you will receive as an asbestos victim is dependent on many factors. These include the amount you and your family members have lost in medical and wages because of your condition. Your lawyer will also take into account your pain and suffering. In some states the statute of limitation is shorter than in other states. A lawyer can explain how the statute of limitations in your state applies to your case and recommend the appropriate filing deadline. The length of a mesothelioma cases is contingent on the number of defendants and the nature of the exposure. The cases that involve multiple asbestos producers and locations, like typically require longer to settle. Mesothelioma settlements for lawsuits differ greatly, with some victims receiving millions of dollars while others settle for comparatively little. The median mesothelioma verdict is $2.4million, but many victims have received much more substantial jury awards. Courts have ordered asbestos companies to put large funds aside to compensate injured victims. These funds can be tapped into by victims to secure lump-sum settlements that are easier for asbestos companies to agree to than jury verdicts. However, some plaintiffs are unwilling to settle and choose to file a mesothelioma trial. They could be in the presence of an unfavourable jury, but they can still be compensated fairly. Expert Witnesses An expert witness is one who has specific training and has the skills, experience or has completed a course on a subject that is relevant to the particular case. Their testimony helps the court and jury comprehend complex topics that are outside the realm of general knowledge. Experts play a crucial role in many types of personal injury cases including asbestos exposure cases. Mesothelioma victims bring lawsuits against companies that made or sold asbestos-containing products that were contaminated. The validity of each victim's claim depends on the evidence of expert witnesses. These experts give their opinions on different aspects of the case such as how asbestos-related diseases develop and who is responsible. Expert witnesses can help jurors comprehend the complex scientific concepts that are often beyond their knowledge. A variety of medical and technology experts could be involved in an asbestos-related incident. They are typically oncologists, pulmonologists, or rheumatologists. They can explain the link between asbestos exposure and mesothelioma or other asbestos-related diseases. They can also identify the responsible parties. In some cases an expert witness could also be a toxicologist, or an environmental health and safety professional. They can testify as to the way in which an individual was exposed to asbestos on the job and how exposure to asbestos could have contributed to their illness. They can also testify on the effects of asbestos on air and water quality as and other safety issues and health concerns. Industrial Hygienists and Metallurgists are potential expert witnesses in asbestos cases. These experts can testify about a worker's job duties as well as the amount of asbestos used on the job, and how that amount of asbestos may have contributed to the employee's mesothelioma or another asbestos-related disease. During the discovery process every party must place all their cards on the table. This includes an inventory of all the expert witnesses they plan to use in the case. Many asbestos lawyers who have years of experience have developed professional relationships with reputable experts. They can procure for their clients an expert witness that is respected and can provide an important testimony in the case.