Product Liability Litigation Drops From Peak

Law360, New York (January 2, 2008, 12:00 AM EST) -- The number of product liability lawsuits filed last year dropped 45% from 2006, coming down from a sharp spike in 2006 of lawsuits over asbestos, drugs and medical devices.

The drop did not necessarily point to a long-term trend — 2007 saw 38% more product liability suits filed than 2005 and 9% more than 2004.

Growth In Product Liabilities Litigation, 2007

1 Year: -45%

2 Years: +38%

3 Years: +9%

Source: federal court dockets, Law360

Note: Figures represent annual growth in number of cases filed in...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.