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Three cheers for this, which seeks to repair the outrageous legal bills wrought on the businessowner by Roy Pearson's lost pants lawsuit: The American Tort Reform Association and the U.S. Chamber of Commerce Institute for Legal Reform - groups that advocate tighter guidelines for filing lawsuits - joined forces to put on Tuesday's fundraiser in hopes of defraying the legal costs for Jin Nam Chung and Soo Chung, the owners of Custom Cleaners.The fundraiser netted more than $64,000, with more pledges still coming in, organizers said. "Without your support, the Chungs could very well have gone bankrupt," defense attorney Chris Manning told the crowd of about 150. The organizers said they also wanted to raise visibility for tort reform in the face of lawsuits that unfairly target small businesses. "Our motto is the spirit of free enterprise," said Lisa Rickard, president of the Institute for Legal Reform. "The Chungs epitomize that in our perspective. They've really been living the American dream, and that all came to a halt with the filing of this lawsuit. These two groups see the damage that lawsuit-lotteryists cause in their absurd and greedy wake, and they push to change the system. From the Institute for Legal Reform:America's runaway legal system imposes burdensome costs on workers, consumers, small businesses, and healthcare. The cost of America's lawsuit-happy culture totals $261 billion a year, or $880 per person, according to seminal research by Tillinghast-Towers Perrin (2006). According to a 2004 study commissioned by the Institute for Legal Reform, small businesses alone pay $88 billion a year to cover the cost of America's tort system - money that could be used to hire additional workers, expand productivity, and improve employee benefits. On another page of their web site, it's nice to see that Iowa ranks well in terms of how reasonable and balanced the tort liability system is perceived to be by U.S. business. We're the fourth most reasonable state. Another good reason to start a business here. |
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| Comments
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What ever happened to the Frivolous Law Suit Laws?,, Why can't the Judge that started this mess be made to pay for the damage he caused these people?, Why are Lawyers always above the Law? Reform won't work until Lawyers and Judges are held accountable. We had a hearing in a case over five years ago and still haven't heard from the Judge although he said at the time it would be in a few weeks,, our Attorney is afraid to say anything for fear of reprisals. What a system. |
| | Posted by Charlie Shipman, 7/30/2007 9:56:09 AM |
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Wow... sorry to hear about your experience. "Fear of reprisals..." after years of avoidance. That sucks! |
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To bad the proposed tort reform would not have stopped the filing of this lawsuit. We need to focus on stopping the FILING of frivilous lawsuits & not worry about capping the legitimate ones. |
| | Posted by Luke, 10/21/2007 11:48:33 PM |
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