It seems to me like this is just a bribe to shut up about the cause of the lawsuit. It doesn’t lead to justice, and is not punitive enough in the case of large corporations.
I find this disgusting and immoral, but maybe I’m getting something wrong…? I hope so.
Please explain to me why this is, I’m getting irrationally angry at the fact that no one goes to trial for anything, including environmental hazards, rape, etc.
Edit: Found a source that details all the good reasons to go to trial instead of settling. Personally, an admission of guilt and real consequences to a misdeed are incomparably more important than a slap on the wrist like a settlement. https://www.askadamskutner.com/personal-injury/dont-settle-outside-of-court/
Edit 2: I see all the replies mentioning time and costs as the biggest reasons. And I get that, rationally. But sometimes people are irrational, I can’t believe 90% of lawsuits settle… (actually it’s 95% - https://thelawdictionary.org/article/what-percentage-of-lawsuits-settle-before-trial-what-are-some-statistics-on-personal-injury-settlements/ )
Don’t forget another big reason - juries are a crap shoot. You could get a good jury or a really bad one. You’ve got 10-12 people that are being required to be there and most really don’t want to be. They just want to get it over with and get back to your life.
Also, your expenses go up considerably if you go to trial - more depositions, more experts and attorney fees typically go up = more $$$ out of your ultimate judgement and into your pocket. Additionally attorneys can often have a better chance of negotiating liens and balances down before it goes to trial which means more money in your pocket.
This is certainly true in large cases. Thanks for the assist!