Asbestos Litigation: Procedural Innovations and Forum Shopping
This paper examines how forum shopping and procedural innovations affect the outcomes of asbestos trials using a new data set of all asbestos trials from 1987 to 2003. When lawsuits are filed in six particularly favorable jurisdictions, plaintiffsâ€™ expected returns from trial are found to increase by $800,000 to nearly $4 million. The procedural innovations are bifurcated trials, bouquet trials, and consolidation of multiple plaintiffsâ€™ claims for trial. Bifurcated and bouquet trials are found to increase plaintiffsâ€™ expected returns from trial by $650,000 and $1.2 million, respectively. Small consolidations are found to increase plaintiffsâ€™ probabilities of winning and receiving punitive damages, but larger consolidations are associated with lower damage awards.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:ucp:jlstud:v:35:y:2006:p:365-398. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division)
If references are entirely missing, you can add them using this form.