Are there limits to the amount of damages that I can receive if I win a product liability lawsuit?

Yes, there are limits to the amount of damages that you can receive if you win a product liability lawsuit in New York. According to New York’s dangerous products law, if you win the lawsuit, you may be entitled to receive compensation for both economic and non-economic losses. Economic losses are costs or expenses that you suffered as a result of the dangerous product, such as medical expenses, lost wages, and repair or replacement of damaged items. Non-economic losses are damages for physical pain and suffering, mental anguish, or emotional distress. In New York, there is a limit to the amount of money that you can receive for non-economic losses. According to the dangerous products law, the total amount of money that you can receive for non-economic losses is fixed at $450,000. This amount does not take into account any economic losses that you have suffered. In addition, the amount of monetary damages that a person can receive may be limited by other factors, such as the amount of insurance coverage available or the amount of money that is available in the defendant’s assets. Finally, if you become part of a class-action lawsuit, your individual damages may be subject to a certain percentage of damage award, with the remainder being distributed among other members of the class.

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Are there limits to the amount of damages that I can receive if I win a product liability lawsuit?

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