June 29, 2022
Wrongful termination lawsuits can fetch awards of $500 to millions. The objective of compensation is to stabilize an employee’s financial situation, and reduce the impact that has caused him to be fired without reason and illegally. Many factors contribute to the final amount determined. Generally, the affected person will be entitled to lost wages, but financial responsibility for emotional damages, costs of finding a new job, or medical expenses could also be added to determine the compensation. They may also be considered punitive damages.
These consist of three parts:
– Past Lost Wages: Amount you would have earned had you not been laid off, including benefits. This amount is calculated from the time of dismissal to the trial date and must be adjusted for inflation.
– Future Lost Wages: From the date of the verdict to the date the job would have been contractually completed. Benefits are also included.
– Any other income lost due to the employer’s action.
Experiencing a discharge for discrimination or retaliation can cause stress, depression, anxiety, or other mental health issues. Recovering can take time and money, and victims should never be held responsible for recovery costs. A lawsuit may seek to have the employer take over these.
Job search costs
Expenses may include fees for CV assistance, time spent on interviews, and travel expenses for interviews. Therefore, those affected must keep the receipts with the expenses related to the job search.
Punitive damages serve as a “punishment” for illegal activities, such as a fine. Punitive damages are made to discourage employers from committing wrongful acts against their employees.
Give careful consideration to the attorney helping you recover damages, as effective representation can influence the amount you end up receiving. At Yeremian, we can help.