In 2021, the transportation industry awoke to an astounding, record-breaking $1 billion award against a trucking company. (Photo: Tomasz Zajda/Adobe Stock)
What happens when you mix major damages, a large corporation, a denial (or half acceptance) of fault, and an angry jury that wants to send a strong message? In the courtroom, the result just might be a colossal verdict. Such judgments that defy precedent and logic have been blamed for crippling business owners.
For industries most susceptible to these judgments (think: transportation), the threat of runaway verdicts is even more apparent. Add to this, eroding tort reform in several states which allows for unlimited non-economic damages, and the stage is set for more to come.
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