Large verdicts or “nuclear verdicts” are increasing dramatically in number and size of awards, according to a new study released by the American Transportation Research Institute. The study, which was featured in a report in the Florida Record, looked at 600 cases between 2006 and 2019 and found that from 2010 to 2018, the size of verdicts increased by 51.7% each year when inflation was only 1.7%.
The study found that in California juries ruled in favor of the plaintiffs 97.1% of the time. Alabama juries, meanwhile, ruled in favor of the defendants 92.3% of the time. The report also found that Florida, Texas, New York and California are some of the most attractive states for “litigation financing.” The use of litigation finance by U.S. law firms has grown 745 percent between 2015 and 2019.