Please excuse my severe lack of knowledge in the world of law, as I am brand new, and am happy to edit my question should it not be correct in any fashion.
This is a rather broad question. Suppose I am suing my employer for mistreatment at work (no lunch break, poor treatment, not fulfilling conditions of employment contract, etc.). How does my lawyer calculate a monetary amount on which to settle in the lawsuit? I saw a case recently of this variety, and the plaintiffs reached a settlement $1.3mil. How did the parties involved calculate $1.3mil exactly?
I know this question is rather broad. I am not asking for the correct amount to ask for when suing someone, for that is subjective and different for each case. Rather, I am asking about the process. How do lawyers calculate how much to ask for in a lawsuit, and do they take into account just the prices of physical damage and money lost (e.g. damage to property, money lost from opportunities missed, etc.), or do they also factor in an amount to compensate for other factors? In the above example, I seriously doubt it cost a group of employees working for minimum wage $1.3mil to be mistreated at work, so how did they settle on $1.3mil?