Selecting an attorney for legal cases is a very important decision. Please enter your information below to receive a Free Consultation from an attorney in your area:
Product
Liability News
Products Liability Filings Remain High But Continue Decline Since 2004 Peak, According to Data from LexisNexis Market Intelligence
After peaking in 2004, the number of total federal products liability lawsuits filed in the U.S. declined by 14% last year and is on pace to decline an additional 16% in 2006. The data was compiled with information gathered from the LexisNexis(R) Market Intelligence database and released today by LexisNexis U.S., a leading provider of information and services solutions.
According to the LexisNexis Market Intelligence report, a gradual rise in federal lawsuits filed under NOS 365 (Nature of Suit 365), the designation for personal injury-products liability claims, began in 2001, when just over 5,000 NOS 365 filings were made. That number grew to more than 13,000 cases filed in 2002, rose to 17,000 in 2003 and then soared to nearly 28,000 lawsuits in 2004. A slight falloff occurred in 2005, when the number of products liability filings declined to less than 24,000, and the year-to-date lawsuits in 2006 are on pace for less than 20,000 cases to be filed this year.
"According to the latest data from Market Intelligence, products liability litigation filings came down a bit in 2005 but are still at very high levels in an historical context," said Mason White, vice president of Market Intelligence at LexisNexis. "The question that legal experts will be attempting to answer in the coming months is whether this recent decline is just a temporary blip or the beginning of a downturn in products liability filings." White pointed out that it has now been nearly 18 months since President Bush signed into law the Class Action Fairness Act of 2005 (CAFA), an ambitious bill that sought to curb abusive class action and products liability litigation. Although most observers don't foresee a substantial long-term decline in products liability cases, some experts hold out the possibility that 2004 was a peak year and that CAFA is helping to produce a slight downturn.
The extent of current asbestos product labeling is limited
Except for products which are sold unwrapped, such as millboard; and asbestos-cement sheet, all products are labeled with the name of the manufacturer or distributor. Only asbestos paper and furnace cement are labeled as containing asbestos. Non-asbestos substitutes for all asbestos products are widely available to the public for household uses.
Newsroom
News about product liability cases in Michigan and nationwide:
Definition:
Products that have liability lawsuits and Class action lawsuits, asbestos is considered dangerous to your health. This product is heavily regulated for use and removal.
Inadequate Warning
Definition:
Sometimes, a manufacturer doesn’t warn the user of a product’s hazards. Simply putting a warning in a little instruction book or label might not be enough. The warning must adequately inform the user of the hazards.
Punitive Damages
Definition:
This term refers to damages awarded to a plaintiff over and above compensatory damages, designed to punish the defendant for particularly outrageous and malicious conduct, and to serve as a deterrent to others.
Legal Disclaimers All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Michiganproductliability.com is not intended to be legal advice, but merely conveys
general information related to legal issues commonly encountered. Your access
to and use of this website is subject to additional Terms
and Conditions.
Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep
Did You Know?