Not to mention that often the entities that caused the harm do not have the capital to pay back for catastrophic harm.
Also litigation takes for ever. That is doubly true for billion dollar cases.
I'm working on a case with a billion dollar verdict. It's been 6 years and not a dime was paid. We are going back for a retrial. This thing won't be done for several more years at the earliest.
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Not to mention that often the entities that caused the harm do not have the capital to pay back for catastrophic harm.
Also litigation takes for ever. That is doubly true for billion dollar cases.
I'm working on a case with a billion dollar verdict. It's been 6 years and not a dime was paid. We are going back for a retrial. This thing won't be done for several more years at the earliest.