Plaintiffs who go to trial may not realize just how big of a gamble they are making when they decline a settlement offer. A new study finds that settling is generally more lucrative than taking a case to trial. The study looked at the outcomes of 2,054 cases that went to trial from 2002 to 2005. It found that 61 percent of the plaintiffs made the wrong decision to go to trial and ended up with a verdict that was less money than the settlement offer.
Settling More Lucrative Than Going to Trial, Study Shows
The National Law Journal
September 24, 2008