By Richard W. Weekley, Founder & CEO, Texans for Lawsuit Reform
Since Texans for Lawsuit Reform began fighting lawsuit abuse in 1994, organized personal injury trial lawyers have aggressively fought against every tort reform that has brought fairness, balance and predictability to our civil justice system.
In a long-awaited conclusion to Facebook's "Sponsored Stories" class action saga, a federal judge gave final approval to a $20 million settlement Monday but took an axe to the $7.5 million in fees requested by plaintiffs attorneys.
Over the past 18 months, a group of plaintiffs' lawyers who got rich suing the tobacco industry have turned their litigious attention to what they hope will be the next big thing: challenges to healthy-sounding food labels they allege are misleading. Hailing from across the U.S., the lawyers decided to sue in federal courts in Northern California, where the consumer-protection laws are expansive and the jury pool nutrition-conscious. "Even the judges are calling this jurisdiction the Food Court," says Pierce Gore, the San Jose attorney serving as local coordinator for plaintiffs' firms in Mississippi, Texas, Tennessee, Illinois, and New York.
According to a recent report released by the U.S. Chamber Institute for Legal Reform (ILR), the U.S. legal system is the world’s most expensive. The report revealed that the legal system in the U.S. is one and a half times more costly than our neighbors across the Atlantic.
Lead paint was once going to be the next asbestos or tobacco-an illustration of how mass litigation could tame a rogue industry and, not incidentally, produce a bonanza for plaintiffs' lawyers. Mass lawsuits against makers of asbestos-laden products and cigarettes led to multibillion-dollar settlements in the 1990s. Lead-paint litigation launched during the same period, however, has mostly failed.
After the flood, the deluge. More than three years after the Deep Horizon oil spill that fouled the Gulf of Mexico, life would have almost returned to normal but for the feeding frenzy of the lawyers eager to take a bite out of the BP settlement fund.
After more than three weeks of testimony with expert witnesses and lawyers flown in from across the country, the bankruptcy trial for Garlock Sealing Technologies concluded Thursday with one glaring question left unanswered - just how much money the company sued for making asbestos-containing products decades ago will need to put in a trust to escape bankruptcy.