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JVR NEWS RELEASE

747 Dresher Road • P.O. Box 980 • Horsham, PA 19044-0980
215-784-0941 • Fax 215-784-9639
FOR RELEASE:
Jan. 15, 2004
l   CONTACT:
Gary Bagin: 215-784-0941 (ext. 6370) e-mail: garyb@lrp.com

Products Liability Verdict-Study Released:
Farm Products Tops List with Highest Median Jury Award
in Products Liability Cases; Consumer Products at Bottom

HORSHAM, Pa. - Plaintiffs injured by tractors, backhoes and other farm equipment won significantly more money in products liability cases than those harmed by household appliances, playground equipment or baby products.

According to Jury Verdict Research®'s report, Products Liability: Verdicts, Settlements and Statistical Analysis, the median compensatory jury award for farm products was $1.47 million more than the median award for consumer products. The median awards for transportation products, that included cars, trucks, buses and motorcycles; and medical products, such as medications, prosthetic devices and orthopedic hardware, were at least $1 million. The overall median compensatory award for products liability cases was $700,000.

The 67-page report also details plaintiff recovery probability (percentage of plaintiff verdicts to total verdicts), percentage of jury awards for $1 million and more, and jury-award mean, range and probability range for 50 specific categories in the 10-year period studied.

Category
Breast Implants
Drugs/Vaccines
Elevators/Escalators
Restaurant Food
Tires
Median award
$1,500,000
$2,024,730
$ 572,000
$ 9,000
$1,038,000
Awards of $1 million
54%
80%
38%
<1%
58%

Plaintiff recovery rate
36%
67%
37%
42%
36%

       

Based on Jury Verdict Research®'s database of more than 213,000 personal-injury verdicts and settlements, the study also contains more than 50 products-liability case summaries.

Copies of Products Liability: Verdicts, Settlements and Statistical Analysis are available from Jury Verdict Research® for $32.50 plus $5.50 shipping and handling. To order or for more information, call 1-800-341-7874, e-mail custserve@lrp.com, or visit www.juryverdictresearch.com.

Jury Verdict Research® maintains the only nationwide database of more than 213,000 plaintiff and defense verdicts, and settlements resulting from personal injury claims. The data are reported, tabulated and analyzed to determine values, trends and deviations for 400 injuries and 300 liabilities.

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EDITOR'S NOTE: For a media-review copy of Products Liability: Verdicts, Settlements and Statistical Analysis, please call Gary Bagin at 215-784-0941, ext. 6370, or e-mail garyb@lrp.com.