In an apparent case of first impression, a Philadelphia judge, in upholding a $78.4 million medical malpractice verdict, has ruled that attorney fees must be based on the present value of the jury's future damages award, not the cost of an annuity, to satisfy the judgment for future medical costs.
May 14, 2013 at 12:00 AM
1 minute read
In an apparent case of first impression, a Philadelphia judge, in upholding a $78.4 million medical malpractice verdict, has ruled that attorney fees must be based on the present value of the jury’s future damages award, not the cost of an annuity, to satisfy the judgment for future medical costs.
As a result of the judge’s ruling, the plaintiffs firm is entitled to $9.9 million in counsel fees.
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