A couple of years ago, a report in the The New York Times heralded this era “the heyday for employee lawsuits.”
Employers will win many of the employment lawsuits they face. But, quoting Dr. Seuss, “except when you don’t, because, sometimes you won’t.”
So if you’re sued, how much will you have to pay? The staffing firm Manpower analyzed the latest litigation data to come up with this simple chart below to help guide your litigation and settlement decisions.
The bottom line: If your case has just one plaintiff and no “horrible facts” that would make a jury cringe, expect to pay between $0 and $50,000. That covers about a third of all cases.
If you have one plaintiff but horrible facts (28% of cases), you’ll likely pay between $50,000 and $100,000. In cases with multiple plaintiffs and/or really horrible facts, expect to pay up to $1 million. Those big-bucks cases are more than a third of all cases.
Finally, if you have lots of plaintiffs and super-horrible facts, expect to pay more than $1 million … truly a 1% group you don’t want to be in.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/34166/if-you-lose-an-employment-lawsuit-how-much-will-you-pay "