The Modern Mass Tort
Capabilities and Services
While many mass torts and class action suits have helped right wrong's "to the best of the dollar's ability," the proliferation of these suits has also created numerous negative side effects. Courts are backlogged. Scores of companies -- some with no direct involvement in the cause of the litigation -- have filed for bankruptcy. Thousands of jobs have been lost. Case in point: asbestos liability.
NERA serves clients involved in mass torts (for those with reason to believe they might be) in various ways. Our experts provide objective economic analysis that enables our clients to develop claims and litigation strategies and helps courts make fair and equitable decisions that are true to the spirit of the law. We have provided claims forecasting services for over 50 firms facing mass tort exposure. In most instances, NERA consultants determine the scope of future liabilities, whether the amounts being paid are reasonable, and if alternative methods for handling the liabilities would be more economical. Our economists often present their findings as expert testimony in court.
This article, featured in Marsh & McLennan Companies' "M" magazine, highlights NERA's economic advice and expert testimony in mass torts matters since the early 1990s.
