Down Economy Fueled Employment Settlements In 2010

Law360, New York (December 27, 2010, 12:52 PM EST) -- Tough economic times and the fear of hostile juries led many employers to the negotiating table in 2010, with large classes of plaintiffs yielding high-dollar settlements in employment cases in 2010.

Of the 10 largest payouts in employment suits in 2010, all but one were settlements. Companies shelled out more than half a billion dollars in those cases, and with the unemployment rate sitting at just under 10 percent, defense attorneys expected companies would continue to steer clear of juries whenever possible.

Unlike 10 years ago, when...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.