Archive for Tort Reform

There is an interesting solution for excessive product liability judgments in the Journal today – make products only subject to the product liability laws of the state they were purchased in, and charge a premium in states with product liability laws that favor the plaintiff. Consumers could choose whether the extra cost is worth the right to a frivolous lawsuit, and if enough consumers buy out of state, retailers will pressure the legislature to change the laws. I’m not sure how feasible this... Read More→