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.
