If you’re among a group of individuals who have experienced damage or harm from a single defendant, you can pursue mass tort actions. This process is best handled using claims handling services in TX. However, it is still vital to know how these settlements work.
Here is everything you need to know about mass tort settlements in Texas.
When Are Mass Tort Settlements Pursued?
A mass tort settlement is typically pursued when a large number of individuals have experienced harm or damages from a common cause. This could include scenarios where multiple individuals have suffered workplace injuries at a common employer or a group of people who have fallen ill from consuming a retail food item.
What Are The Benefits of Pursuing a Mass Tort Settlement?
There are many benefits associated with pursuing a mass tort settlement instead of an individual settlement. This includes:
Increased Bargaining Power
Individuals in a group pursuing a mass tort settlement can enjoy greater bargaining power than if they pursued the settlement as individuals. There is strength in numbers, and cases involving multiple plaintiffs are likely to be given more attention than those with a single plaintiff.
Shared Resources
The plaintiffs pursuing a mass tort settlement can also share resources to strengthen their case. This includes witnesses and legal representation.
A Faster Settlement Process
Mass tort settlement typically settled faster than the time it would take to complete each plaintiff’s individual settlement. This makes them preferable for individuals who would like to get done with the process quickly.
What is the Mass Tort Settlement Process Like in Texas?
The mass tort settlements in Texas follow a multi-step process. This entails:
- Identifying and evaluating defendants or products that caused harm to the plaintiffs
- Gathering evidence as part of a pre-filing investigation
- Filing the lawsuit for the plaintiffs
- Exchanging evidence with the defendant
- Negotiating to reach an agreed-upon settlement
- Proposing the settlement to the plaintiff
- Receiving approval from the plaintiff
- Distributing the settlement funds among plaintiffs
- Releasing claims against the defendant
Why It’s Vital to Seek Legal Assistance With Mass Tort Settlements in Texas
The mass tort settlement process tends to be longer than most people realize. It also includes numerous unforeseen challenges that plaintiffs may not be able to navigate around on their own. For this reason, it’s vital to seek legal assistance from a professionals in TX.
Hire an Experienced Public Adjuster For Your Mass Tort Settlement in Texas
If you’re planning to pursue a mass tort settlement in Texas, reach out to Morgan Elite Specialist Services. Our company fights hard to get you paid and can help you throughout the settlement process. Contact us today for more details
