Correct Compensation: 7 Largest Personal Injury Settlements of All Times
Personal injury settlements are typically confidential and not disclosed publicly. However, seven individual personal injury settlements have been disclosed as the largest of all time. These settlements take place when a plaintiff or defendant wins a large verdict or settlement in a personal injury lawsuit.
Choosing the right personal injury attorney is essential to securing the best possible outcome in your case.
The Exxon Mobil Settlement
Exxon Mobil Corporation, also known as XOM, is an American multinational oil and gas corporation headquartered in Irving, Texas. The company was founded in 1892 and has operations in more than 70 countries. Exxon Mobil is the largest publicly traded oil and gas company in the world with a market value of $404 billion as of February 2016. In 2007, ExxonMobil became the first U.S. company to be worth $1 trillion.
In late 2005, Exxon faced a lawsuit filed by the United States Department of Justice (DOJ) on behalf of 15 Native American tribes alleging that the company had misled them about the risks of climate change. The DOJ alleged that Exxon knew about the dangers of global warming as early as 1977, but concealed this information from its customers and shareholders. In November 2015, a federal court in Texas reached an $18 billion settlement agreement with Exxon Mobil. The deal included payments to each of the 15 tribes, along with an additional $5 million for environmental remediation.
The Johnson & Johnson Settlement
Johnson & Johnson is a company that provides health care services to people around the world. The company is based in New Brunswick, New Jersey, and has operations in over 200 countries. In December 2015, Johnson & Johnson agreed to pay $2 billion to settle accusations that its talcum powder products may have caused cancer. The suit was filed by personal injury victims across the United States, many of whom had blamed the company for their illnesses.
The Volkswagen Settlement
Volkswagen AG is a German automaker with operations in over 100 countries. In September 2016, Volkswagen agreed to pay $14 billion to settle claims that its diesel vehicles were responsible for environmental damage and public health risks. The suit was filed by states and municipalities all over the United States, as well as Canada and Mexico. The settlement included financial compensation for victims of air pollution, car crashes, and other injuries.
This health and safety hazard was discovered when a worker at the plant noticed an unusual smell and called in a hazardous material team.
The BP Settlement
BP is a British oil and gas company with operations in over 70 countries. In April 2012, BP agreed to pay $5 billion to settle claims that its products were responsible for the Deepwater Horizon blowout. The blowout occurred when a BP drilling rig exploded, creating a massive environmental disaster that caused widespread damage and killed 11 workers.
When taken to trial, BP was charged with 11 counts of manslaughter and 14 counts of environmental crimes. The company eventually agreed to pay out $4 billion in total, including $1 billion in criminal fines and $3 billion in civil penalties.
The Hershey Settlement
In November 2013, Hershey Company settled with thousands of consumers who had sued over allegations that its chocolate products were contaminated with lead. The suit was filed by personal injury victims across the United States, many of whom claimed that the lead had caused them health problems such as ADHD, autism, and seizures.
Under the terms of the settlement, Hershey agreed to pay out millions of dollars to victims and their families. In addition, the company was required to reform its manufacturing processes and remove lead from all its products by 2020.
The Monsanto Settlement
Monsanto is an American agricultural company with operations in over 100 countries. In November 2016, Monsanto agreed to pay $289 million to settle accusations that its Roundup weed killer was responsible for causing cancer. The suit was filed by victims of cancer who said they had developed the disease after exposure to Roundup herbicide.
The Chevron Settlement
Chevron is an American multinational corporation with operations in more than 100 countries and is headquartered in the United States.
In November 2016, Chevron agreed to pay $18 billion to settle claims that its products contributed to environmental damage and human health risks in Ecuador. The suit was filed by the Ecuadorian government and indigenous groups around the country. The settlement included financial compensation for victims of toxic waste spills, land contamination, and other injuries.
Personal injury settlements have increased significantly in recent years, with some reaching seven-figure sums. These settlements are typically reached after lengthy and often contentious litigation, as victims attempt to seek compensation for injuries sustained from negligent behavior.
If you or a loved one has been injured in an accident, it is important to speak with an experienced personal injury lawyer as soon as possible. A lawyer can help you navigate the legal process and get the compensation you deserve.