Saturday, July 3rd, 2010
How much are Walmart settlements from slip and fall cases tend to be? It is a common question given the fact that Walmart operates so many stores and is profitable enough to be the target of many real and staged slip and fall incidents. There are a few problems with attempting to accurately answer questions such as “how much are Walmart settlements from slip and fall cases tend to be?” The first of which is the fact that recent decisions have led to a situation where Walmart is believed to be settling a far greater percentage of cases out of court.
So, how much are Walmart settlements from slip and fall cases tend to be? The answer really depends on who is being asked that question. Walmart’s counsel will probably be willing to point to the rather low $30,000 mark that follow many recent verdicts against the mega-corporation have. This may not be a fair way to answer the question, and as a result a good lawyer will suggest other methods by which to determine a fair settlement offer.
The second factor that makes answering the question of how much Walmart is likely to settle a slip and fall case is the fact that many people have historically attempted to use past jury verdicts and awards as a guide. The problem with this is that most of the slip and fall cases Walmart lets go to trial these days are cases where the evidence is not entirely compelling, or that there may be some contention that the claims are false. The result is that the value of average compensation is substantially lower than it was prior to the precedent making Lanier v. Wal-Mart in 2003. In this context, if asked “how much are Walmart settlements from slip and fall cases tend to be” one should only answer based on potential awards of a merit-worthy case and not past verdicts and awards.
While Walmart is notoriously tight-lipped about settlements, it is believed that anyone suffering from a slip and fall at a Walmart location could earn upwards of $400,000 if they have enough documentation for their claim and sufficient evidence. If you are someone else you know is wondering how much are Walmart settlements from slip and fall incidents tend to be, you owe it yourself or the person/people you know to seek immediate legal assistance. Every day that passes reduces the possibility of a settlement and/or the amount of a potential settlement.
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