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Top 4 Largest Personal Injury Settlements on Record

Top 4 Largest Personal Injury Settlements on Record

Personal injury cases are no joke. Some people who survive these injuries never regain the quality of life they had before, and many people don’t survive long enough to see a settlement. If money is indicative of wrongdoing, then the damages these plaintiffs earned on personal injury cases show just how difficult their lives became. Though money can’t right the wrongs of a personal injury case, at least the legal system did not fail these plaintiffs. $150 Billion: Robbie Middleton In an astoundingly large personal injury settlement, a Texas jury gave $150 billion to the family of a boy who was badly burned. Robert Middleton, known by the nickname Robbie, was sexually assaulted, then burned by the same person a few weeks later. This happened in 1998, when Robbie was just 8 years old. Twelve years later, after extensive skin treatments because of the third-degree burns over his body, Robbie Middleton died from skin cancer. His family pursued justice, partly to get the county to admit that Robbie was sexually assaulted and to charge the assailant. $4.9 Billion: The Anderson Family In 1993, a Chevy Malibu exploded after being rear-ended. Two adults and four children were in the car when it started to burn. Though the adults escaped, the children were badly injured. One was burned over 70 percent of her body. The family sued GM, and though the award amount was reduced, they walked away with billions. At the time this case was settled in 1999, it was the biggest personal injury award in the country that year. The case lasted for years, though, with initial filing starting...
Settlement Money: Lump Sum or Payments?

Settlement Money: Lump Sum or Payments?

Personal injury cases are typically settled with either a lump sum payment or a structured settlement. If you’re owed a significant sum of money, it’s important to understand how these options work. There are pros and cons to each approach. The specifics of your case will help you determine which type of settlement fits your needs best. How Lump Sum Settlements Work A lump sum settlement is the fastest and simplest way to deal with your money. You will receive your total settlement in one payment. After you cash the check, your case is over, and there’s no continued access or interaction with the defendant. This is usually the best option for small-to-medium amounts. For settlements that are less than $150,000, a lump sum payment is the most common choice. How Structured Settlements Work Structured settlements are paid out in a series of smaller payments distributed over time. There are many ways to structure these types of settlements. You will usually get a larger sum in the beginning, followed by smaller amounts paid out monthly, bi-monthly, bi-annually, or annually. However, you can choose to begin with smaller payments that grow gradually or structure the settlement with a brief period of large payments to coincide with a child going to college or another major life event. You will also decide whether payments will continue after your death and go to your heirs for a specified period. The details of these payments are determined when you settle the case. You cannot change your payments later, so it’s crucial that you think through how and when you will use the money so you...
How Not to Spend Your Settlement Money

How Not to Spend Your Settlement Money

Receiving a settlement is always nice, particularly if you’ve been drowning under medical expenses and other bills. While you may want to spend the money right away for immediate gratification, it’s dangerous to burn through the cash too fast. To make sure the money lasts, avoid these common tendencies when you receive a settlement. Spending Immediately Financial advisors generally suggest waiting six months to a year before spending a large financial settlement. It takes time to plan the best use of a significant sum of money. If you received a lump sum settlement, you may have more money than you’ve ever seen in your account before. Step back and carefully consider your options, as well as the consequences of each choice. An investment will grow your money, but you’ll have to pay taxes on the interest. If you’re undergoing long-term medical treatment for an injury, you may not have a clear picture of your medical expenses or ongoing pain management needs yet. Don’t rush to spend your settlement. Indulging in Dream Purchases With your bank account suddenly swollen, you’re probably thinking about that yacht you’ve always wanted or the dream house on the hill. While there are many smart purchases that are a worthy investment vehicle for your funds, flashy dream-buys are usually an extravagance. Buying a home can give you stability and a good real estate investment, but you shouldn’t purchase a mansion that’s beyond your ordinary means. Remember that large purchases typically come with their own ongoing expenses, such as insurance and upkeep for a boat or household maintenance and property taxes for a home. The wrong...
How to Get the Most Out of Your Settlement

How to Get the Most Out of Your Settlement

Whether you’re involved in a car accident, slip and fall, or another type of personal injury, you want to make sure you receive a fair settlement for your pain. Keep reading to learn several tips and tricks you can use to get the most out of your settlement. Stay Off Social Media In today’s society, most people don’t think twice about what they share on social media. Even though you think posting a picture or update on Twitter, Facebook, or Instagram is harmless, defense attorneys will scour the internet looking for anything they can use in their case, including your posts on social media. They will try to use pictures or posts you put online as proof that your injury isn’t as severe as you claim it is. When you’re dealing with a personal injury lawsuit, your best bet is to stay off social media entirely. Immediately Document All Evidence When a personal injury case goes to trial, it’s up to you to provide enough evidence to prove your claim. Therefore, you need to document all the evidence possible as soon as your injury happens. This can include police reports, witness statements and contact information, and medical reports. You also want to take pictures of the accident scene, visible injuries, the defective premise or product, and your car and the car that hit you. Also, check the area for any video surveillance cameras that might have recorded the incident. Keep a Diary of Your Injuries If your personal injury lawsuit goes to trial, you’ll have to tell the jury how long you were in pain. Unfortunately, it could take...
$227 Million Settlement Reached in 2013 Building Collapse Case

$227 Million Settlement Reached in 2013 Building Collapse Case

The longest civil trial in the history of the city of Philadelphia wrapped up on February 8, 2017, with a settlement for the plaintiffs: twelve people who were injured and the families of the seven people who perished in a building collapse in June 2013. The collapse occurred when the demolition of a Center City building owned by New York real estate/adult entertainment magnate Richard Basciano caused an adjacent building housing a Salvation Army consignment store to collapse under four stories of brick. The Philadelphia Daily News reported on court documents that stated Basciano was at the scene of the demolition in a conference with the contractor, Griffin Campbell, as the building began to collapse. In a related criminal case, convictions were handed to Campbell, and the excavator operator, Sean Benschop, who were sent to prison for 15 to 30 years and 7 ½ to 15 years, respectively, for their roles in the collapse. The publicized seventeen-week civil trial ended with a settlement of $227 million, to be paid by Basciano and the Salvation Army to the plaintiffs. According to an anonymous source reported in the Philadelphia Daily News, $200 million is to be paid by the Salvation Army, and $27 million by Basciano.The settlement money is to be divided via an arbitrator among the victims of the collapse and their families. Victims sustained serious injuries in the collapse. One woman suffered such extensive injuries under the prolonged weight of the rubble, that she underwent 30 surgeries including amputation of her lower body at the hips.Part of the settlement will help to pay for the woman’s medical care, which is expected...
Understanding Personal Injury Settlement Options

Understanding Personal Injury Settlement Options

Pain and confusion are often results from any accident. More common from are personal injury cases that could bring even more devastation to parties involved. A personal injury case is legally recognized as disputes arising from an accident as a result of one or more people suffering various degrees of damages. What is a personal injury case? Personal injury law allows an injured person to seek compensation for the damage suffered in an accident where an at-fault person is identified. The at-fault person is assumed negligent, and as a result, his action leads to the injury sustain. Common types of personal injury cases Personal injury cases can stem from the various type of situations. It should be noted that not all injury cases lead to someone bearing the liability, but cases where someone is found to be negligent as a result of an injury, a personal injury case may be established for compensation. The various types of personal injury cases include: Car accident cases. Of all types of personal injury cases, a car accident is most common. It could involve two cars crash, or a car hits a pedestrian, a motorbike, or bicycle. It could also result from own- accident due to speeding, distracted driving, and so on where the driver is found negligent. Medical malpractice. Professional negligence where a doctor failed to observe due professional care leading to patient’s injury. This type of personal injury case is usually complex in nature as the law requires the plaintiff to prove professional negligence against the defendant. Slip and fall cases. This type of personal injury case is often against the...