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The National Law Journal Reports That Dollar Value of Top 100 Verdict Awards Rose Only 1 Percent in 2009

Published in Medical Patent Business Week, April 2nd, 2010

The National Law Journal, an ALM publication, reported that the dollar value of the VerdictSearch Top 100 verdict awards rose only 1 percent in 2009 to $8.98 billion, as many corporate clients sought to control costs by delaying the filing of lawsuits. While intellectual property litigation, the largest award class for the past two years, saw an increase from $2.2 billion to $2.6 billion last year, that result was distorted by a single massive recovery: Centocor Ortho Biotech Inc.'s $1.67 billion verdict against Abbott Laboratories. Without that award, patent judgments would have declined significantly. In fact, absent the Centocor verdict, overall recoveries would have declined from the...

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