What damages are available in a tire failure suit?

In New Mexico, there are different types of damages that may be available in a tire failure lawsuit. These damages are classified as either compensatory or punitive damages. Compensatory damages are intended to compensate the plaintiff (the person bringing the lawsuit) for their losses that were a result of the tire failure. This may include medical expenses, loss of wages, loss of future earning capacity, and pain and suffering. Punitive damages are meant to punish the defendant (the person being sued) for their actions. Punitive damages are typically awarded when the defendant acted with gross negligence or an intent to cause harm. For example, if a tire manufacturer knew that their product was defective but chose not to inform consumers, they could be held liable for punitive damages. In addition to compensatory and punitive damages, a plaintiff may also be entitled to legal costs and attorney fees in a tire failure lawsuit. This can be especially beneficial for those who may not have the financial means to pay for these costs out of pocket. Overall, when a tire failure lawsuit is successful, a plaintiff may be granted a variety of damages depending on the facts of their case. This includes compensatory, punitive, and legal costs/fees. It is important to consult with an attorney to determine which damages may be available in your specific case.

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