Small Businesses Pay 33% of Rising Tort Costs Out-of-Pocket

July 9, 2010

  • July 9, 2010 at 2:02 am
    Really? says:
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    Why does this mean that we should punish injured plaintiffs? Shouldn’t this mean that small businesses need to be better insured? Apparently, this is an area of opportunity!

  • July 9, 2010 at 2:40 am
    mark says:
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    only an attorney would view it that way.

  • July 9, 2010 at 3:36 am
    T Dubya B says:
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    What it means is that the court system needs to do a better job at throwing out the frivolous claims and sanctioning the lawyers that bring them. It means that the ABA needs to stop accrediting every law school that asks for it. It means that we should have a system for appointing judges who will make impartial decisions not based on where their campaign contributions are coming from. That is what it means!

  • July 11, 2010 at 8:08 am
    JAMES T. SLOAN says:
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    These lawyers are committing the crime of CHAMPERTY in their contingency-fee practice. CHAMPERTY has been a crime in this country but our lawyers are so strong politically that they ignore it.
    In Ireland the Supreme Court has confirmed aqain that it is so unethical that it’s a crime. You should review the Wall Sreet Journal account of it and so that you could follow their doing the right thing and make it illegal in this country so that our people could be spared this terrible drain on our country.
    Thank you, JT Sloan/

  • July 11, 2010 at 9:26 am
    Adam says:
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    Why is IJ reporting on this “study” as if it’s news and not propaganda? The Chamber of Commerce is a lobbying group. The name “Institute for Legal Reform” means tort reform–the group had an agenda before it undertook its “study”. Nice lack of balance, IJ!

  • July 12, 2010 at 1:15 am
    Mike N says:
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    The true name for this is really “Democrat party tax on jobs and business, all to do the bidding of trial lawyers, who are paying the democrat party off handsomely.” Does one have to be a totally corrupt kleptocrat to be a democrat party member these days? It certainly seems that is the case.

  • July 12, 2010 at 3:41 am
    Scott says:
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    No, injured plaintiffs (those that are actually injured, not embellishing or faking outright) should be fairly (underscore “fairly”) compensated. However, the huge cost of defending even bogus lawsuits prompts insurers to make “business decisions” and settle cases even when there is little/no liability or injury just to avoid having to pay defense fees in the tens to hundreds of thousands of dollars.

    How about a “loser pays” system like some other countries use? If you sue me and I win, you pay my lawyer’s fee. That way, innocent defendants can recoup their costs in defending bogus cases. Whereas a truly injured plaintiff where the defendant is liable can still recover. Bye bye to frivolous suits!

    Unfortunately, it will never happen since the trial lawyers have too powerful a lobby.



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