What is the value of pain and suffering?
The per diem method applies a daily rate for each day the plaintiff suffered. For example, if the daily rate is $500 and the plaintiff suffered for 30 days, the value of the pain and suffering claim would be $15,000. A higher value is attached when the timeline for pain and suffering is longer or the rate is higher.
What is the most money awarded in a lawsuit?
A jury in Los Angeles awarded $4.9 billion to a family who filed a lawsuit against General Motors after six passengers suffered permanent, disfiguring injuries whentheirGM van exploded in an automobile collision. The jury ordered GM to pay $107.6 million in compensatory damages and $4.8 billion in punitive damages.
How much are most car accident settlements?
Ohio law places limitations on the total claims a person can get. The cap is at three times the economic damages or $250,000, depending on what is greater, and the maximum is $350,000. In cases with a catastrophic injury, there is no limit.