Unraveling the Complexities of Mass Tort Settlements: Inside the World of Liability Forecasting
(Pittsburgh, PA) – Liability forecasting plays a critical role in the management of mass tort settlement trusts, which often involve billions of dollars and numerous claimants seeking compensation for their injuries. Administering these trusts is a complex task, with various factors and challenges to consider. One of the main challenges is the timeline of mass tort litigation. Exposures, injuries, and the discovery of injuries can span over multiple decades, during which companies may come and go, declare bankruptcy, or be bought and sold. Additionally, people may be exposed to new elements or conditions in their … Read more