Costs related to tort litigation in the United States continue to rise, with little being done to bring them in line. Practical, pro-growth reforms will cut costs and restore fairness to our broken system.
Tort litigation imposes a significant financial burden on the economy and consumers. Major corporations are frequently targeted by rent-seeking attorneys specializing in mass tort lawsuits, often aimed at companies that provide medications, medical devices and essential products. Small businesses are also heavily affected, frequently finding themselves unable to sustain the cost of mounting a legal defense.
Whether the business is large or small, the expense, wasted time and fear of damage to their public image encourage blameless defendants to settle before going to court. Of course,