Jury Awards Skyrocket in 2005 Class action cases have continued to account for huge dollar settlements and judgments this year, with class actions totaling $100 billion directed at auto, tire, computer, artificial sweetener, airline, and insurance firms.
Class actions accounted for an estimated 40 percent of the total tort system costs during the year 2005, according to a study by the Casualty Actuarial Society.
Of the settlement dollars, approximately half, or $50 billion, went to plaintiff attorneys. The portion going to attorneys has increased each year since 2000.
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