Thursday, January 7, 2010

Product-defect Verdicts Rose in '09

Bloomberg News reports: "The top five product-defect verdicts rose 52 percent in total value last year to $620 million as juror attitudes on companies soured amid the recession and rising unemployment, according to data compiled by Bloomberg." Plaintiffs' attorney Tobias Millrood, "winner of a $34 million verdict against Pfizer," said, "It's a reflection of the fact that Main Street is hurting." Notwithstanding "the 2009 results, both plaintiffs and defendant companies are increasingly willing to take product liability cases to trial, said John Beisner, a lawyer who defends corporations in such suits."

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