JHBrandt said:
willdav713 said:
Makes an even greater need of Tort Reform!
Sorry, but the tort "reform" we often hear touted by politicians would do nothing about this. That "reform" is more about product liability suits.
It is about a cap on "punitive damages" and for these so called "libel, disparagement, etc" cases they involve punitive damages not all but most of them. I think you are talking about Liability Reform. A good example of tort reform is "Medical Malpractice Lawsuit Reform" signed by Governor Perry. As a result more and more doctors are moving to Texas because they don't have to pay ton of money for Medical Malpractice Insurance. Product liability suits, I will give you an example "Firestone: Tire rollovers" in which Rep. Billy Tauzin R-Louisiana spearheaded a Federal Investigation, and Class Action suits against the tire company grew in record numbers back in 2000.
I believe there is a cap right now on Punitive Damages of no more than $250,000 for Medical Malpractice suits, this doesn't include Compensatory Damages those stay the same.