2020 CLM Cyber, Management & Professional Liability Conference
Kathryn Whitlock is a panelist on the session titled "Nuclear Verdicts: How to Value Cases Post-Mushroom Cloud." This virtual session is scheduled at 2:00 PM EST on July 8, 2020.
In this session, the panel will lead a discussion about the reason for “nuclear verdicts.” All across the country, verdicts of eye-popping size have been returned. Consider the $8 billion Risperdal verdict in Philadelphia this year. The court reduced it to a mere $6.8 million. Or the $1 billion verdict returned by an Alexandria, Virginia jury in a copyright infringement case. In Salem, Oregon a jury found the State liable for $1 billion for breach of contract. And in Georgia, a jury returned a $1 billion verdict against a security company in a premises liability rape case. This is a sea change in the verdicts that jurors returned 10 years or even 5 years ago. The discussion will focus on the reasons for the change, which may be a change in the economy, a change in juror demographic, or something else. It will then turn to how claims professionals of every stripe need to take this into consideration and adjust their case evaluation, as well as their approach to litigation overall. The rules have changed and the defense needs to keep up.