Two Factors Driving the Concerns
Nuclear Verdicts. The industry is clearly concerned about the increase in nuclear verdicts against trucking industry defendants—and for good reason. As the report notes, in recent years, some verdicts against trucking industry defendants have exceeded $100 million. And “thermonuclear” verdicts (exceeding $100 million) against corporate defendants are on the rise.[ii]
Third-Party Litigation Funding. Another factor driving the need for lawsuit abuse reform is the increase in third-party litigation funding (TPLF). This form of financing allows plaintiffs to cover litigation costs through a third party in exchange for a right to recover part of the lawsuit’s
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