Credit: Bigstock As 'Nuclear' Verdicts Rise in New York, Report Says More 'Thermonuclear' Awards Are on Horizon
Reasons that make New York a likely target include its scaffold law, which accounts for nearly half of all nuclear verdicts, the report said.
March 08, 2023 at 03:18 PM
6 minute read
What You Need to Know
- Corporate nuclear verdicts clustered in workplace negligence, premises liability and construction.
- The study said that nationally, the country's median nuclear verdicts against corporate defendants increased from $21.5 million in 2020 to $41.1 million in 2022.
- Skeptics said the document reflected the interests of insurance companies.
New York is a leading target for nuclear verdicts of $10 million or greater, according to a new report issued Wednesday, that concludes the state's reputation in the legal community for "supersized" judgments has been cemented.
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