The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.
May 02, 2024 at 01:11 PM
4 minute read
An independent communications and research firm released a report that shows nuclear verdicts—judgments over $10 million—against corporate defendants have increased by nearly 30% in the last year, and that state governors have had an outsized role in the results.
Phil Singer, CEO of Marathon Strategies, noted Florida had historically been a state with the second largest sum of verdicts, behind Missouri with $4 billion, and ahead of Texas with $3.7 billion and Pennsylvania with $2.7 billion.
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A jury box. (Credit: Ryland West/ALM)
