Liability Lawsuits

The term "liability lawsuits" refers to a specific type of legal litigation. The term "liability" is broad in scope and meaning. Liability lawsuits, as a result, refer to an action taken against someone who has an actual or potential legal obligation. Product liability lawsuits are a classic example of this form of litigation. In this instance, the company or individual is held liable for providing a safe, effective product. The failure to comply may result in personal injury to the purchaser of the product. In this case, a product liability lawsuit may provide compensation. In the case of product liability lawsuits, defective product claims may fall into 1 of several categories. These are negligence, strict liability and breach of warranty. Strict liability lawsuits may result when a legal activity exposes individuals to extraordinary risks. This can occur without the fault of the "wrong doer." Liability lawsuits are imposed under Tort Law. There are lawyers who specialize in this field.

Fast Facts

  • Liability lawsuits in the United States against the Fortune 1000 companies dropped in the federal courts from 3,500 in 1985 to 1,500 in 1991.
  • In 2002, the United States courts spent approximately between $180 and $233 billion on liability torts.

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