What are Economic Damages?
Economic Damages is a term that encompasses any kind of financial loss that an injury victim has incurred due to an accident. They are damages that can hypothetically be measured at an exact dollar amount. Because of this, they are more objectively-measured than non-economic damages. They can include medical expenses, loss of income, and funeral expenses among other monetary costs. Economic damages are also known as pecuniary damages.
Quantifying the level of economic damages incurred after an accident impacts the damages that may be received by a plaintiff in a lawsuit. A plaintiff being able to recover from financial losses and become whole again following a defendant’s negligence is considered a function of the justice system. Because economic damages need to be objectively measured, much evidence needs to be provided for accuracy.
According to the American Bar Association (ABA), many states follow the Economic Loss Doctrine, which holds victims from recovery when “the negligence of others results in purely economic loss.” That is to say that in many cases, something like injury or distress needs to be proven in order for a victim to recover damages. In concept, this is to prevent plaintiffs from seeking recovery that is greater than necessary.
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Your Guide to Filing a Lawsuit
Munley Law Personal Injury Attorneys Personal Injury Lawyers’ Guide to Filing a Lawsuit
If a company or person has acted in negligence and caused you serious injury, you may file a lawsuit in order to obtain financial compensation from the at-fault party. But filing a lawsuit can be a challenging task. Any slight mistake can cost you the compensation that you deserve or cause further damages. That’s why you need the proper guidance and an experienced team of attorneys.
Below, we will explain what it means to file a personal injury lawsuit and how to increase your chances of winning.
What does it mean to file a lawsuit?
A lawsuit is a formal legal case that you or your lawyer files with the court. Filing a lawsuit involves telling the court that the defendant acted negligently and hurt you (the plaintiff). […]
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Damages in Car Accident Cases
Damages in a Car Accident Case
Car accident victims can sustain physical and emotional damages that last a lifetime. Victims of automobile accidents and their families are owed compensation for physical injuries and pain and suffering. The best way to get the compensation you are deserved is to have an experienced car accident attorney fighting for you. Car accidents can alter the course of someone’s life, and it’s important the party at-fault for your injuries, pain, and suffering is held accountable.
Types of Car Accident Damages
Economic Damages – These are losses you can track monetarily, including medical bills, loss of income, loss of property, rehabilitation, and other out-of-pocket costs. Car accidents and collisions can cause serious physical pain. You should seek a doctor immediately, even if it’s not apparent to you that you might have injuries. The records from your doctor will also be vital in proving your case. […]
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Bethlehem Medical Malpractice Lawyer
If you need a Bethlehem medical malpractice lawyer to win justice for you, you need Munley Law Personal Injury Attorneys
Get justice, get results, and get maximum compensation for your injuries/illness caused by medical error in the Lehigh Valley
According to the Medical Malpractice Center (MMC), medical errors are the third leading cause of death in the United States. Unfortunately, preventable mistakes cause the deaths of 195,000 patients every year. Likewise, the MMC reports that 100,000 people die each year because of doctors’ failures to properly diagnose their illnesses. In fact, from 1986 until 2010, hospitals, healthcare companies, and doctors paid $38.8 billion to medical malpractice victims. If your doctor, nurse, or healthcare professional messed up your medical care, take action. Above all, you deserve justice and a Bethlehem medical malpractice lawyer who will fight for maximum compensation for your injuries. […]
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Understanding damages in a personal injury case
How are damages determined in a personal injury case? What kinds of damages can I be compensated for?
Victims who were hurt by car crashes, truck collisions, workplace accidents, medical malpractice, asbestos exposure, or defective products can file lawsuits to recover for damages. The term “damages” refers to the amount of money that those victims are awarded to compensate for the financial losses, pain, and suffering that their injuries caused.
What Is the Difference Between Economic and Non-economic Damages?
They are two main types of damages in personal injury cases: economic damages and noneconomic damages.
Economic Damages can be thought of as the concrete financial costs caused by an injury. Examples of economic damages include the costs of medical treatments, procedures, medications, surgeries, and hospital stays, wage losses, loss of earning capacity, […]
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Homeless Man Awarded $41,000 for Fraternity Shooting Incident
A homeless man who was shot with a .22 caliber rifle by an Oregon State University fraternity member has been awarded over $6,000 for medical expenses and $35,000 in non-economic damages, totaling over $40,000.
The jury found both the Association of Alpha Beta Chapter of Alpha Gamma Rho (AGR) and a former member responsible for the 2006 shooting, according to news reports. The national organization was not held responsible.
Witnesses testified that the fraternity members were known to shoot BB guns from the fraternity building windows and had talked about shooting homeless people with BB guns, news reports stated. After a search of the fraternity house, police found more than 24 firearms. The guns are allowed according to the AGR guidelines as long as they are securely locked.
The individual found liable in the case testified he was aiming at a dumpster and not the homeless man. […]
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