From Wiktionary, the free dictionary
From mega- + verdict.
megaverdict (plural megaverdicts)
- A legal verdict that awards damages of a million dollars or more.
2008 June 22, Jonathan D. Glater, “To the Trenches: The Tort War Is Raging On”, in New York Times[1]:The Chamber of Commerce says the number of megaverdicts for more than $100 million dropped to 2 last year, from 27 in 2000.