$300K Motor Vehicle Accident Settlement-Confidential
Posted on October 4th, 2016 by Zane Cagle
Plaintiff was injured in rear-end accident at an intersection in St. Louis County. Immediately after the crash, Plaintiff experienced neck pain and sought treatment at an area hospital. Plaintiff eventually underwent surgery. Plaintiff’s attorney did an initial demand for the applicable policy limits which were $25,000 and in exchange for said payment would completely release Defendant for any further liability. Defendant’s insurer refused asserting the fact that there were multiple other claimants.
Plaintiff filed suit and Defendant’s insurer thereafter offered $25,000 which was rejected by Plaintiff. Additional negotiations were subsequently conducted and Plaintiff offered to settle for $500,000. Defendant’s insurer rejected but offered $150,000 and requested a mediation.
During mediation, Plaintiff and Defendant’s insurer agreed to a settlement of $300,000.00 for Plaintiff.