Why are some cases awarded so much money?
There’s a misconception out there when you hear about substantial jury verdicts – $10,000,000 jury verdicts, $8,000,000 jury verdicts, $6,000,000, phone book numbers – that these verdicts are unreasonable, but you need to understand what goes into those numbers, and when you break down the numbers and you understand the categories of damages and what people suffer from, then you can understand what goes into why people are entitled to this type of compensation. Because it’s not just your pain and suffering, it’s not just the value of the injury because of the fact that you’re hurt, it’s the fact that you could have medical expenses that would bankrupt people.
It could be the fact that you’re no longer earning any money and you’re not going to be earning any money for the rest of your life, and you may have expected to work until age 60, 65 – people are working a lot more now – 70, even longer. And it’s not just the wages either, it’s the benefits that we’re all entitled to when we’re full-time employees or if we’re union workers and we’re working for our pensions, or our annuities, or our health insurance, and those things are all significant.
What’s important is that you have a law firm that’s able to understand all of those damages so that there’s a full calculation regarding what a value of a case is and what it takes to make a person whole. Now, money never brings back someone’s health, but what it does is it puts a person in a position that they should have been in had an accident not happened that was someone else’s fault.
Contact Hach & Rose, LLP, at 212-779-0057 to discuss the details of your case with a New York personal injury lawyer.