May 30, 2006
Product Liability Cases in Federal Courts Decline
Recent data indicate that the number of products liability cases filed in federal courts has declined slightly since 2004's peak. The data indicate that filings in 2001 numbered about 5000, rose to more than 13,000 in 2002, climbed further to 17,000 in 2003, then soared to nearly 28,000 lawsuits in 2004. Last year, the number of filings fell slightly to about 24,000 and filings for 2006 are on pace for fewer than 20,000. It is unclear whether the decline over the last two years is indicative of a trend back toward historical levels or whether the Class Action Fairness Act of 2005 is affecting the number of filings. See a summary of the LexisNexis Market Intelligence report with a link to the full report.
May 30, 2006 | Permalink
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