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CALA TIMES
Lawsuit of the Mo.
The facts are alarming. Lawsuit abuse is a huge problem growing out of control. The severe damage it's causing to American small-business owners, taxpayers, consumers, retirees and working families is shocking. And it's getting worse every day.
Dampening needed scientific innovation and research...
- Product liability and litigation concerns have led several companies and laboratories to postpone or cancel altogether their testing of promising AIDS vaccines.
- In the 1970's, there were thirteen U.S.-based pharmaceutical companies conducting research in fertility and contraception. By 1988, there was only one.
Making the U.S. the lawsuit leader...
- The U.S. has 30 times more lawsuits per person than Japan, and 20 times the number of lawyers.
- There are 70,000 product liability lawsuits in the United States annually, and only 200 in the United Kingdom.
- Plaintiff lawyer contingency fees seldom amount to less than 33% of recoveries when cases are settled without trial, 40% if cases go to trial, and 50% if appeals are necessary.
- In personal injury litigation alone, over $96 billion is spent or lost each year in America to deliver $41 billion in compensation to injured parties and their attorneys.
Copyright © 2001 David Leyson
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