For purposes of this article, the mesothelioma victim in this case will be referred to as V.C. In a recent court ruling, a Louisiana judge ordered a new trial in a mesothelioma lawsuit against Colgate-Palmolive. This decision came after the witness unexpectedly introduced what the judge termed an entirely improper, unsolicited, new opinion that had not been presented during the trial, influencing the jury’s verdict in favor of the defendant.

Receiving a mesothelioma diagnosis is devastating, and not just because of the medical challenges. It is also because of the financial strain that it can bring. Fortunately, patients diagnosed with mesothelioma are entitled to file a lawsuit against the responsible parties to seek justice and compensation for asbestos exposure. One common question individuals pursuing compensation for mesothelioma ask is whether the settlement amount is subjected to taxation. Let’s explore the tax implications of mesothelioma settlements.