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How has “Tort Reform” affected the periodic payment approach to resolving liability cases?

April 26, 2017affected approach cases liability payment periodic Resolving tort reform

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How has “Tort Reform” affected the periodic payment approach to resolving liability cases?

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In approximately thirty states legislation has been passed which mandates a structured (periodic) payout in certain “threshold” cases – even if the case does not settle and goes to trial, verdict and judgment. In these cases the plaintiff cannot win a cash lump sum verdict at trial. Proper identification of these cases is crucial to the parties’ proper evaluation of the claim.