what is the largest settlement in us history

10 Largest Class Action Settlements in American History

1. Big Tobacco. Of all of the class action lawsuits in US history, the Big Tobacco settlement by far takes the cake for the largest settlement of all time.
2. BP Gulf of Mexico oil spill. In April 2010, the Deepwater Horizon oil rig, operated by oil company BP, exploded in the Gulf of Mexico off the coast of ...
3. Volkswagen emissions scandal. ...

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Full Answer

What was the largest class action settlement in US history?

The agreement, which remains the largest class-action settlement in U.S. history, required tobacco companies to pay out more than $206 billion to the included states over 25 years, plus another $9 billion per year in perpetuity.

What are the top 100 settlements of all-time?

The Securities Class Action Services’ Top 100 Settlements of All-Time is an annual report that identifies the largest securities class action settlements filed after the passage of the Private Securities Litigation Reform Act of 1995, ranked by the total value of the settlement fund.

What is the largest health care fraud settlement in history?

Justice Department Announces Largest Health Care Fraud Settlement in Its History Pfizer to Pay $2.3 Billion for Fraudulent Marketing

What was the settlement for the American Home Products lawsuit?

In 2000, a federal judge approved a $3.75 billion settlement in a class action lawsuit against drug company American Home Products, makers of fenfluramine, after the fen-phen diet drug combination was linked to potentially fatal heart valve damage.

What is the largest lawsuit in history?

Number 1: The 1998 Tobacco Master Settlement Agreement The 1998 Tobacco Master Settlement Agreement is also the biggest civil litigation settlement in US history. At USD246 billion, it is unlikely to be beaten any time soon. The case was brought against all the major tobacco companies by more than 40 US states.

Who has the world's largest lawsuit?

Glaxo's $3 billion settlement included the largest civil False Claims Act settlement on record, and Pfizer's $2.3 billion ($3.5 billion in 2022) settlement including a record-breaking $1.3 billion criminal fine....List of largest pharmaceutical settlements.Year2004CompanyPfizerSettlement$430 millionViolation(s)Off-label promotionProduct(s)Neurontin21 more columns

What is the largest personal injury settlement ever?

Here are the Largest Personal Injury Settlements in US History$150 Billion For The Family of Robert Middleton. ... $4.9 Billion For The Anderson Family From General Motors. ... Gas Station Manager Awarded $60 Million After Suffering Brain Injuries Caused by Derailed Train. ... Ford Motor Co.More items...•

What is the largest slip and fall settlement?

5 Largest Slip and Fall Lawsuit Settlements and WhyFall From an Exam Table in Covington, Georgia – $15 Million. ... Lowe's Home Center in Las Vegas, Nevada – $13 Million. ... Convenience Store in Williamsburg, Virginia – $12.2 Million. ... Walmart in Greeley, Colorado – $10 Million. ... Walmart in Phenix City, Alabama – $7.5 Million.

Who has paid the largest criminal fine in US history?

PfizerPfizer has often been reported as paying the largest criminal fine in history - with the pharmaceutical company falling foul of US regulators in 2009.

What is the biggest criminal fine in history?

Under an out-of-court deal with the US department of justice, a Pfizer subsidiary, Pharmacia & Upjohn, is paying a criminal fine of $1.3bn (nearly £800m), a record in American judicial history.

What is the largest punitive damage case in the US?

This award is historically significant for several reasons First, as already stated, the $28 billion in damages was the largest ever awarded to an individual plaintiff (in 2000, $145 billion in punitive damages was awarded by a Florida jury, but the case was a class-action with over 500,000 plaintiffs).

What is the largest jury verdict?

A jury in Los Angeles awarded $4.9 billion to a family who filed a lawsuit against General Motors after six passengers suffered permanent, disfiguring injuries whentheirGM van exploded in an automobile collision. The jury ordered GM to pay $107.6 million in compensatory damages and $4.8 billion in punitive damages.

What is the purpose of compensatory damages?

Compensatory damages, like the name suggests, are intended to compensate the injured party for loss or injury. Punitive damages are awarded to punish a wrongdoer.

What is the average payout for a slip and fall in Florida?

According to the slip and fall settlement examples listed on this page, the typical Florida slip and fall settlement is anywhere from $300,000 to $850,000.

How much do you get for a slip and fall in California?

The average slip and fall settlement in California ranges between $15,000 and $50,000, depending on how well your case meets the factors listed above. Your injuries are the component that will carry the heaviest weight when it comes to the final amount you may receive.

What happens when you fall at Walmart?

If you were injured in a slip-and-fall accident at Walmart, you have a right to sue. The law says that Walmart is required to provide a safe environment for its customers, and victims can recover substantial amounts of money for their injuries.

How much money does target settle for slip and fall accidents?

“Obviously, the jury saw otherwise and was disappointed that Target had not accepted responsibility for what happened.” The slip and fall $2.1 million award is comprised of two parts – $1.4 million for the past noneconomic damages and $700,000 for any future noneconomic damages.

What is the average settlement for a torn rotator cuff?

These injuries can cause varying levels of debilitation and recovery time which is why average amounts for settlements for a torn rotator cuff range between lows of $30,000 and highs of $500,000+.

How much is a broken arm worth?

around $50,000 to $80,000The average settlement value for a broken arm in a personal injury lawsuit is around $50,000 to $80,000. Upper arm fractures are worth more than lower arm fractures. The most serious broken arm cases (those involving multiple fractures or bone splinters) can have a settlement value of $300,000 or more.

Can I sue Kroger for slip and fall?

In most states, the law allows people take legal action against negligent stores like Kroger even if they were a little to blame for their slip and fall. Your recovery may be reduced by the percentage of your fault, but you still deserve to get compensated for your injury!

How much did the tobacco companies pay in the settlement?

The final settlement agreement required these companies to pay $206 billion dollars.

Who were the tobacco companies in the 1998 Master Settlement Agreement?

This included Philip Morris, R. J. Reynolds, Brown & Williamson, and Lorillard.

Why was the oil spill payout so large?

A major reason for the size of the payout was to cover the federal penalties for the massive amount of environmental damage directly caused by the spill. The remaining amount went to state and local governments for recovery efforts, as well as for private settlements for victims of illnesses like cancer.

How much did the Fen Phen settlement cost?

In 2000, a federal judge approved a $3.75 billion settlement for victims of the diet drug known as fen-phen. The drug potentially caused fatal heart valve damage. Before the drug was removed from the market, it was used by millions of people as a weight loss aid.

How much did BP pay for the 2010 oil spill?

A New Orleans judge gave final approval on a payout nearing $20 billion dollars, which would be paid in both private and public settlements.

How much did the jury award to the family of the van that exploded?

A jury in Los Angeles awarded $4.9 billion to a family who filed a lawsuit against General Motors after six passengers suffered permanent, disfiguring injuries whentheirGM van exploded in an automobile collision. The jury ordered GM to pay $107.6 million in compensatory damages and $4.8 billion in punitive damages.

Who was Betsy Bullock sued for?

Sticking with the smoking theme, a jury in Los Angeles awarded $28 billion in damages to Betsy Bullock, a lifelong smoker who filed a lawsuit against R.J. Reynolds after being diagnosed with lung cancer.

How many federal settlements were there in 2019?

In addition to federal court settlements, 21 of the 101 settlements in 2019 were completed in state courts. Twelve state court settlements addressed violations of fiduciary duties resulting from corporate transactions.

How many settlements were approved in 2019?

During 2019, ISS Securities Class Action Services (ISS SCAS) recorded 101 approved monetary settlements filed in the United States (U.S.) valued at $3.17 billion, that are available for distribution to parties in each settlement. Only two settlements were large enough to qualify for the Top 100 list:

How many settlements were made for violations of GAAP?

Additionally, six federal settlements were made for violations of Generally Accepted Accounting Principles (GAAP), and four companies were identified as having to restate their financials.

How many settlements were made under the 10b-5 rule?

Of the 105 settlements, 84 received judgments in federal courts. A total of 74 federal court settlements were tied to Rule 10b-5, three of which stemmed ...

What is the top 100 report?

The Top 100 Report provides a wealth of information, including the settlement date, filing court, settlement fund, and identifies the key players for each settlement. The report is broken down into following categories:

Where did the Cobalt action take place?

The Cobalt action occurred in the Southern District of Texas and was led by Bernstein Litowitz Berger & Grossmann and Entwistle & Cappucci. Alibaba’s action occurred in the Southern District of New York and was led by The Rosen Law Firm.

Which court handled the most cases?

The courts that handled the greatest volume of cases were the United States District Court (Southern–New York) which finalized 25 cases, and ten settlements each in two United States California District Courts (Central and Northern). In addition to federal court settlements, 21 of the 101 settlements in 2019 were completed in state courts.