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Damages › Settlement

News & Analysis as of May 23, 2013

Demas Law Group

When Should I Settle My Motorcycle Accident Case?

by Demas Law Group on 5/7/2013

In any case in which an individual is injured, there is a process of negotiation with insurance companies, the at-fault driver and other parties who may be responsible for payment of medical bills, lost wages and other...more

Lanier Law Group, P.A.

Carnival Cruise Class Action Lawsuit

by Lanier Law Group, P.A. on 4/8/2013

The owner of the incapacitated Carnival Triumph is getting hit by lawsuit after lawsuit, including a class action lawsuit seeking for stranding more than 3,000 passengers for five days on a ship without electricity or...more

Gerald Nowotny

Trial Attorney Tax Summary for Taxation of Settlements and Damages – Part 6: Damages for Post Traumatic Stress Disorder (PTSD)

by Gerald Nowotny on 3/15/2013

Overview - This article is designed to outline the tax treatment of post-traumatic stress disorder (PTSD) damages for plaintiffs. PTSD has become a household illness particularly among our soldiers returning from Iraq...more

Brownstein Hyatt Farber Schreck

Key Takeaways for Companies to Consider When Doing Government-Contract Work

by Eric Burris, Adam Lyons | Brownstein Hyatt Farber Schreck on 3/15/2013

Key takeaways for companies to consider when doing government-contract work - Brownstein’s litigation team scored a major victory for client Flintco, a New Mexico-based contractor, in one of New Mexico’s first trials...more

Stipe, Harper, Laizure, Uselton, Belote,...

How To Resolve A Car Accident Case: Go To Trial Or Settle?

by Stipe, Harper, Laizure, Uselton, Belote,... on 3/7/2013

Unless you have a serious accident, you may never become embroiled in the legal process that can start after a car wreck. However, once it is determined that your injuries were caused by someone else’s negligence,...more

BakerHostetler

IRS Reporting Requirements for Class Action Settlement Payments and Court Awarded Damages

by Jennifer Benda | BakerHostetler on 2/20/2013

When finalizing class action settlements, or paying damage awards after a class action judgment, it is important to be mindful of the taxation of these payments and the related IRS information reporting requirements triggered...more

Gerald Nowotny

Trial Attorney Tax Summary for Taxation of Settlements and Damages – Part 1: The Basics

by Gerald Nowotny on 1/9/2013

Overview - Legal settlements in the U.S. easily exceed one trillion dollars on an annual basis. The tax consequences of settlements and damages should be reasonably well known and settled. . However, that is not the...more

Patton Boggs LLP

Federal Circuit Finds Settlement Negotiations Discoverable

by Patton Boggs LLP on 4/13/2012

In a ruling of first impression, the Federal Circuit confirmed that settlement negotiations related to reasonable royalties and damage calculations are discoverable. The Court rejected plaintiff MSTG, Inc.’s argument that...more

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