Yearly

U.S. Lawsuits Hit Companies with Unprecedented Financial Penalties in Latest Yearly Review

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In 2022, American corporations encountered unprecedented financial strain due to a rise in the average damages awarded in lawsuits across the United States. This surge set a new record, significantly impacting corporate financial health and raising concerns about the litigious environment in which businesses operate. Financial experts attribute this increase in litigation costs to a variety of factors including more aggressive legal strategies, rising corporate accountability demands, and evolving economic conditions. As companies navigated a complex web of regulatory and legal challenges, the financial repercussions were felt across various sectors. The escalation in litigation costs … Read more

University of Michigan Faces Lawsuit Over Alleged Delay in Faculty Raises, Claims $2.5 Million Yearly Underpayment

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Ann Arbor, MI — The University of Michigan is facing a lawsuit alleging it failed to properly compensate around 3,600 faculty members by delaying their annual raises, leading to a significant underpayment over the years. The legal challenge was recently lodged at the Michigan Court of Claims by UM sociology professor Fatma Müge Göçek, who is represented by Sommers Schwartz PC. The law firm is pressing for a class-action status to benefit faculty across UM’s campuses in Ann Arbor, Flint, and Dearborn. The core of the complaint is tied to the university’s timing in implementing … Read more