Small Victories for Tort Reform
Onerous as the legal fees are, the nastier cost is the loss of so many good things. Weiss’s former firm got companies to pay $45 billion in damages. That’s $45 billion that will not create new jobs or life-saving drugs.
The fear also reduces options. After Dickie Scruggs filed his post-Katrina class action against insurance companies, State Farm, citing an “untenable legal environment,” stopped insuring homes in Mississippi.
America needs judges willing to say “no” to legal bullies. America also needs the legal standard that works in most of the world: “loser pays.” Without reform, the parasites will take away your money and your choices.
WSJ
4/4/7
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This article was produced by Magnolia Tribune staff.
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