Mesothelioma Compensation

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A mesothelioma lawyer will usually provide a compensation amount to the defendant and/or the defendant’s attorney. In many instances, the defendant’s attorney will try to negotiate a lower dollar amount on behalf of their client. Yet, an experienced asbestos attorney knows and understands that this will happen, and will not immediately settle for a lower amount.

Unfortunately, victims without legal representation are sometimes relieved to be offered any amount of money at all to help with their overwhelming expenses, and therefore will settle for an amount a lot less than they are entitled to. This is why it’s crucial to have an experienced mesothelioma law firm on your side when seeking damages in a mesothelioma claim. Defense attorneys can and will try to negotiate a much lower settlement amount than you deserve.

Moreover, the defendant’s attorney may continue to offer this lower settlement right up until time for the case to go to a trial. This is typical, and in most cases, if you hold on to your amount, the case will be settled in your favor before having to go through the trial process. Even if the case does happens to go to trial, the defendant can still offer to settle at any time and agree to your proposed settlement. If the evidence against the defendant is overwhelming, the defendant’s attorney will almost always rather settle out of court. As previously mentioned, the majority of cases will settle, even if during trial, because:

The defendant’s attorney realizes there is no way to win; the plaintiff’s discovery package is too damning and the evidence against the defendant is too strong.

The fees continue to add up as the trial proceeds and continues.

The defendant doesn’t have enough time to research everything thoroughly before and/or during trial.

Other mesothelioma lawsuits start piling up against the defendant, which makes it more likely that you’ll get a favorable verdict.

Once a settlement amount is agreed upon, your claim against the defendant will be dropped and the payment will be set up. Keep in mind that attorney fees are usually the first thing taken out before you receive your money. The amount will depend upon the agreement you made with your attorney before the case was taken on. If you are awarded a large settlements, there is a good chance that you’ll be paid in monthly installments as opposed to the entire sum at once. Then again, this entirely depends upon the defendant’s financial situation.

Many companies have faced and anticipate facing additional asbestos-related lawsuits, and therefore have already set up a trust fund for the sole purpose of paying off settlements. As previously mentioned, a large amount of compensation, over $30 billion, is already waiting for future plaintiffs via company trust funds.