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Court battles that cost big companies billions

Lovemoney Logo By Nicole Robinson of Lovemoney | Slide 1 of 28: Whether it’s from a customer or a competitor, legal action costs companies time and money, and often leads to bankruptcy. According to the Harvard Business Review, US corporations pay more than $20 billion (£15.6bn) a year to lawyers. Of course major lawsuits are not limited to American companies, and many businesses from around the world have found themselves in sticky legal situations. Read on to find out about some of the costliest court battles. Pre-2010 figures have been adjusted to their value in 2019.

Billion-dollar payouts

Whether it’s from a customer or a competitor, legal action costs companies time and money, and often leads to bankruptcy. According to the Harvard Business Review, US corporations pay more than $20 billion a year to lawyers. Of course major lawsuits are not limited to American companies, and many businesses from around the world have found themselves in sticky legal situations. Read on to find out about some of the costliest court battles. Pre-2010 figures have been adjusted to their value in 2019.

(Editor's note: All figures in U.S. dollars unless otherwise indicated. Please check out our Currency Converter  for the latest values.) 

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