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InsiderOnline Blog: July 2004

Painful Punitive Damages

The Senate is considering the Class Action Fairness Bill this week, and talk of class-action reform has already gotten a little ink thanks to trial lawyer John Edwards' appearance in the presidential race.

The Cato Institute has a new study on why out-of-hand litigation is causing a problem, but it's not a federal problem. Michael Krauss and Bob Levey instead offer state-based solutions:

States should serve as experimental laboratories of competing tort systems.

The Washington Legal Foundation produced a case study of lawsuit abuse in a tobacco case, which resulted in $145 billion in damages.

Posted on 07/08/04 07:42 AM by Mary Katherine Ham

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