In October 2019, a Philadelphia jury delivered an $8 billion verdict against Johnson & Johnson for its improper marketing of the antipsychotic drug Risperdal as a treatment for some mental health disorders in children.
Executive SummaryWhile a lot of insurance professionals toss around the phrase "Nuclear Verdicts," not everyone knows that Robert Tyson, the author of "Nuclear Verdicts®: Defending Justice for All," trademarked the term. In this contribution to Carrier Management's "What I Care About" series of articles, Tyson explains why and describes some innovations his law firm is working on the help insurers do something about Nuclear Verdicts®.
In May 2019, a California jury issued a $2 billion verdict against Monsanto after finding that its Roundup weed killer caused a couple‘s cancer.
Then, in March 2020, the world shut down due to a pandemic and outrageous jury verdicts finally ended. Wishful thinking!
In November 2020, one of the largest single wrongful death verdicts ever was handed down by a jury in rural Texas to the tune of $730 million—which included $480 million for the value of a life, plus $250 million in punitive damages.