Mesothelioma Lawsuit Settlements A mesothelioma settlement is a bargain between the victim and defendant companies that manufactured asbestos-based products. Settlements may occur before or during a court trial, and can include the payment of monetary compensation. Compensation can be used to pay medical bills, household expenses and give financial stability in the long term. Lawsuits can also hold companies responsible for recklessly putting others in danger. Statute of limitations A mesothelioma statute of limitations is the legal standard