Litigation risk definition

Litigation risk as the term is used here means an increase in the frequency of lawsuit filings and an increase in the size of awards and settlements. The litigation risk for New Mexico tort claims defendants (including doctors and hospitals) is higher than Texas because, among other things, the caps are higher and the statute of limitations is more lenient. Additionally, the Texas Tort Claims Act provides more protections to hospitals employees, including emergency room personnel than in New Mexico. Furthermore, the general medical practice litigation risk is greater in New Mexico than Texas, in part due to New Mexico
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Examples of Litigation risk in a sentence

  • The Court shall make any final determination on the amount of any award of Attorneys’ Fees and Expenses to be paid to the petitioning attorneys / law firms, based on the timely filed petitions by each attorney of record and law firm, listing among other things, their qualifications, contributions to the Litigation, professional time devoted to the Litigation, risk, delay, costs, expenses, and out-of-pocket advances incurred in the Litigation, all as may be required by the Court.

Related to Litigation risk

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Litigation as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the ▇▇▇▇▇▇▇’s financial condition.

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Third Party Claims has the meaning set forth in Section 11.1.