What Is the Average Asbestos Lung Cancer Settlement?
All asbestos-related lung cancer settlements are different, but some can award hundreds of thousands of dollars or more.
To try and secure a settlement, you’ll need to work with a lawyer. Lung cancer lawyers can take legal action against the makers of asbestos-containing products that caused your illness.
Asbestos exposure can lead to lung cancer, and you may be able to reach a settlement even if you smoke or used to smoke. Asbestos is known to worsen the damage that smoking does to the lungs. Manufacturers of asbestos-containing products were aware of the health risks as far back as the 1930s but hid the dangers.
If you receive a lung cancer settlement, the financial compensation can be used in any way you see fit. For example, you and your family members can use it to pay off any lingering medical bills, mortgages, or basic utilities.
Learn if you can take legal action to reach a lung cancer settlement now with a free case review.
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Notable Lung Cancer Lawsuit Settlements
As mentioned earlier, each lung cancer settlement is unique and some may receive more than others.
Some notable lung cancer settlements include:
- Nearly $350,000 to a man diagnosed with lung cancer after asbestos exposure
- Almost $52,000 for a man with asbestos-related lung cancer
- More than $50,000 to a U.S. Air Force veteran with asbestos lung cancer
- Over $49,000 for the widow of a U.S. Army veteran who passed away from asbestos-related lung cancer
To get the highest lung cancer settlements possible, make sure to work with a skilled attorney. Top lawyers can file an asbestos claim on your behalf and will do everything in their power to get the most lung cancer compensation from your case.
Lung Cancer Settlements vs. Asbestos Trust Funds
A lung cancer settlement is just one way that you can receive financial compensation. You may also qualify for compensation from asbestos trust funds depending on the companies that exposed you to asbestos.
The U.S. courts forced many major asbestos companies to set aside money in trust funds if they declared bankruptcy. Companies often filed for bankruptcy if they faced thousands of lawsuits related to lung cancer, mesothelioma, and other asbestos-related illnesses.
By declaring bankruptcy, the company couldn’t be sued, which is why the trusts are so important. Trusts allow you to pursue compensation when you can’t reach lung cancer settlements. In fact, many asbestos lung cancer claims are paid from trust fund money.
There is more than $30 billion available across dozens of asbestos trust funds, and you may qualify for compensation from multiple trusts.
Lung Cancer Group’s patient advocates can help you pursue settlements and trust fund compensation. Call (877) 446-5767 now to find out your eligibility.
Factors That Affect Lung Cancer Settlements
Many factors affect how much compensation you receive from a lung cancer settlement. Some of these factors are in your control while others are not.
Factors that impact lung cancer settlements include:
- Health care costs: Paying for medical treatment options can be expensive. Your attorneys will try to get money to cover as much of your medical bills as possible through lung cancer settlements.
- Number of defendants: When an asbestos lung cancer lawsuit is filed, those being sued become known as ‘defendants.’ Most often these are companies that made and sold asbestos-based products. Your legal team may be able to reach settlements with multiple defendants, depending on which products you were exposed to.
- Pain and suffering: This is additional compensation your legal counsel can demand based on your diagnosis. Lung cancer can be physically and emotionally devastating — especially when it could have been avoided had companies not used asbestos.
- Trust funds: As mentioned earlier, you can’t pursue lawsuits or lung cancer settlements from a company that declared bankruptcy. That said, it’s likely that you still can get compensation from its asbestos trust fund. Top attorneys can help you pursue lung cancer settlements and trust fund claims at the same time.
- Your legal counsel: Choosing the right attorney to pursue lung cancer settlements is very important. Ideally, you’ll want to find a lawyer that has helped others with lung cancer secure payouts through settlements, verdicts, and asbestos trust fund claims.
How to Reach Lung Cancer Settlements
1. Connect With a Lung Cancer Attorney
Finding the right attorney is crucial to pursuing lung cancer settlements. Lawyers at top law firms will do most of the legal work for you. This includes gathering evidence to support your case, filing the lawsuit, and negotiating settlements. They can also offer their legal advice (such as if and when to take a settlement).
The attorney-client relationship is key to reaching a settlement you’re happy with. Because of this, make sure the lawyer you’re considering is courteous, available to answer your questions, and has had success helping other patients reach lung cancer settlements.
The Lung Cancer Group team can help you find top attorneys who will pursue settlements on your behalf. Get a free case evaluation to learn if you can work with a skilled attorney.
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2. File a Lung Cancer Lawsuit
Once you’ve chosen a lawyer to work with, they can build a lung cancer case and file it on your behalf.
Before the lawsuit is filed, your attorney will likely request information to support your case. This can include medical records such as biopsy or X-ray results, as well as when and where you worked. The attorney’s job is to explain how you were exposed to asbestos and that this caused you to develop lung cancer.
Once this information is gathered and compiled, your attorney can then file the lawsuit. Lawyers can file a personal injury case on your behalf, or a wrongful death lawsuit if your loved one passed away from asbestos-related lung cancer.
3. Enter the Discovery Phase
After the lung cancer lawsuit has been filed, the defendants will most likely respond to it and explain why they (in their opinion) aren’t liable. The lawsuit then enters its discovery phase, where your lawyers and the defendants’ lawyers will exchange information to strengthen their cases.
You may be asked to provide additional information during this time. Your attorneys can offer their legal help so you can answer questions the defendants may ask in the discovery phase.
4. Negotiate an Out-of-Court Settlement
Once the attorneys from both sides have had a chance to collect more information, they’ll usually meet to try and negotiate lung cancer settlements.
When a settlement is reached, the defendants agree to pay a lump sum of money to you and in return, the case won’t go to trial.
Once a settlement amount has been agreed upon by both legal teams, you’ll have a chance to review it before agreeing to settle the case.
5. Go to Trial if Needed
In very rare situations, it may not be possible to reach lung cancer settlements. Cases that don’t settle could proceed to an in-person trial before a judge and/or jury.
Going to trial is often riskier for both sides as there’s no way to predict how a judge or jury could rule. You could win more compensation through a settlement, or get nothing if the verdict favors the defendants.
For this reason, it’s possible that your attorneys could reach a lung cancer settlement while the trial is going on or after a verdict has been reached.
6. Receive Lung Cancer Settlement Compensation
When a settlement has been secured, you’ll give final approval and sign off to receive the compensation agreed upon. You will then receive lung cancer settlement compensation shortly after this.
Your attorneys may take a small percentage of the lung cancer settlement they secure from you to cover their legal fees. This is known as working on a contingency fee basis, and it’s very common among top lung cancer lawyers. You shouldn’t have to pay any upfront fees to get a lawyer to secure lung cancer settlements for you.
Get Help to Reach a Lung Cancer Settlement
If you or a loved one was diagnosed with lung cancer, a settlement can award life-changing compensation. Remember, settlements for lung cancer can possibly pay out hundreds of thousands of dollars. This compensation can be used for anything — medical bills, rent or mortgages, and even basic living expenses.
Even better, pursuing lung cancer settlements is easier with the help of skilled attorneys. Top lawyers have helped other lung cancer victims secure settlements, and do much of the work that comes with a lawsuit so you don’t have extra stress.
Learn if you can work with an attorney and start pursuing a lung cancer settlement right now. Get a free lung cancer case review.
FAQs About Lung Cancer Settlements
Can you claim a settlement for lung cancer?
Yes. It may be possible to claim a lung cancer settlement — especially if you were exposed to asbestos decades before.
You’re at a high risk of lung cancer and other life-threatening illnesses after asbestos exposure, and manufacturers knew the dangers but said nothing. You may be able to hold these manufacturers accountable by pursuing lung cancer settlements.
Can I reach a settlement for a lung cancer lawsuit from smoking?
Possibly, yes. You can pursue a settlement for lung cancer if you smoked and were exposed to asbestos fibers.
Smokers who suffered asbestos exposure are 100 times more likely to develop lung cancer than nonsmokers. Smokers are only 10 times more likely to get lung cancer compared to those who didn’t smoke.
Reach out to us if you have lung cancer after smoking. We can help determine if you can file a lawsuit — even if you aren’t sure that you were exposed to asbestos. Call (877) 446-5767 now.
What is the average mesothelioma settlement?
Mesothelioma is another asbestos-related disease that you can pursue settlements for. The average mesothelioma settlement is $1 million to $1.4 million, with some patients receiving even more.
You’ll need to work with top mesothelioma lawyers in order to pursue a settlement. Thankfully, our team can connect you with lawyers who can file a mesothelioma lawsuit and pursue a settlement on your behalf. Learn more: Contact us now.
Can I pursue settlements for other asbestos-related diseases?
Yes. Besides lung cancer and mesothelioma, you can pursue settlements for other asbestos-related illnesses. These include asbestosis (a noncancerous illness that weakens the lung over time), gastrointestinal cancer, colon cancer, and throat cancer.
In all cases, it’s a good idea to work with an attorney who can help prove how asbestos exposure led to your illness, identify the companies responsible, and secure a settlement on your behalf.
How long does it take to reach a lung cancer lawsuit settlement?
The amount of time it takes to reach a lung cancer settlement varies. Some cases award settlement compensation in a few years while others may take less time.
For best results, reach out to a lawyer soon after your asbestos lung cancer diagnosis. The sooner you reach out to a lawyer, the sooner they can start to work on your case and begin pursuing lung cancer settlements for you.
Reaching out quickly is also important because you could miss out if you wait too long. Laws known as statutes of limitations prevent you from filing after a certain amount of time has passed — even if your case is otherwise valid. Top attorneys know when these deadlines are and can help you pursue a settlement before time runs out.