I am involved in a lawsuit where the defense wants to settle, iam suing for 1.5 mil.what should i accept?

Question

The lawsuit is a personal injury lawsuit and i have $185,000 in medical bills. The defense wants to settle before mediation what should i expect in terms of monies that would be a typical settlement. I am permently disabled ,with 2 surgeries already and looking at more in the future.

The lawsuit is a personal injury lawsuit and i have $185,000 in medical bills. The defense wants to settle before mediation what should i expect in terms of monies that would be a typical settlement. I am permently disabled ,with 2 surgeries already and looking at more in the future.Neck injury 4 levels fused 0% fault. had to close the remodeling buisness which i owned and operated.

Answer 1

There is no such thing as a 'typical settlement'. There is no way to help you without more information.

1. I don't know the extent of your injuries. Is your left pinky finger permantly disabled, or something more substantial

2. I don't know what sort of pain and suffereing you wnet through

3. I don't know how much of the accident was your fault

Answer 2

Of course they want to settle before mediation! What have they offered? Your medical bills indicate this was a serious injury. Can you estimate future expenses? How about loss of wages?
There's GOT to be punitive damages as well. Offering to settle seems an admission of responsibility--! If personal injury is a specialty of your attorney, he/she should give you advice of what you might expect. But even with legal advice, you have to evaluate for yourself what you're willing to accept, & that the attorney will get a chunk of it. Does the defendant have sufficient assets to make pursuing this further worthwhile? Don't be greedy, but for goodness sake--don't go for less than you deserve, all other things considered. Best to you....

Answer 3

Your attorney is in the best position to help you with this question; he will know what a typical jury verdict is in your area for cases similar to yours. Knowing a typical jury verdict can help you decide whether or not to take an offer that is on the table. If the defendant is offering something close to what a jury might give you, then it might not be worth the additional expenses of going forward with a trial even if the amount is less than what you might feel you are entitled.

Answer 4

If that is the case I would not settle for less than the amount of injury plus the amount you may have to spend in the future. Keep in mind the lawyer gets his cut out of the settlement so set it high enough to get what you need.

Answer 5

You have to add up your present and future living and nursing expenses and the lost wages and earnings and allow for inflation, I would say even the 1.5 million is fairly reasonable depending on your age, since of course if you are 85 you have fewer years to rely on this as your sole source of income, and if you are 25 you need to consider this longer period as needing a higher amount. And your chances of getting medical insurance to cover you now is almost nil.

Answer 6

I would say, if they give you around $500,000 (and if that covers the lawyers' expense) then take it. If not, go for the lawsuit. Also, if this is a careless company where such accidents keep happening, then don't settle even if they give you $1.5M, b/c then it is necessary for the company to have the negative publicity. If yours is a unique case, then go for > $500,000.

Answer 7

Well your lawyer should not be pushing you to settle unless he can tell how much you are expecting to get.

Answer 8

You should be suing them for an amount that compensates you reasonably. Why are you suing for $1.5m if that's not the correct figure?

Answer 9

Shouldn't you be asking your lawyer?

Answer 10

talk to an attorney.