CAS Exam 6C Fall 2016, Question 7
Study guide: Exam 6C
For each of the following situations, assess the potential size of damages received by the plaintiff and briefly describe whether any tort reforms may impact the potential compensation.
Part a (0.75 points)
The plaintiff has retained legal counsel on a contingent fee basis and is suing a large tobacco company for $100 million in damages.
Part b (0.75 points)
In an asbestos class action lawsuit, the plaintiffs have been awarded $50 million in damages. The plaintiffs have not filed any trust claims prior to trial.
Part c (0.75 points)
The plaintiff is suing two defendants for a total of $10 million in non-economic damages in a joint and several liability jurisdiction. One defendant has been assessed to be 5% at fault and the other defendant has declared bankruptcy.
Part d (0.75 points)
The plaintiff has alleged a loss of income in the amount of $100,000 gross and $70,000 net.
Answer this question and see the worked solution