New Yorkers for Lawsuit Reform has sent a letter to Governor Paterson and leaders of the New York State legislature asking them to take up the issue of meaningful lawsuit reform in 2010 to help revitalize our economy. Click here to see a copy of the press release. Here’s to a happy and more prosperous new year for everyone in 2010 and to our State’s leaders finally considering making real reforms which will expand our economy, increase job opportunities, help to balance our budget, lower taxes and make health care more affordable and accessible.
The lawsuit climate is so bad in New York City (recently named a “judicial hellhole” by the American Tort Reform Association) that New York City finds it more cost efficient to settle most of the lawsuits against it, rather than going to a jury trial. The result of this policy (and, more importantly, this climate) is that last year alone, the City paid out $563 Million in payouts. Just to remind you…that $563 Million is your tax dollars which must be paid, often to avoid an even more expensive jury trial.
The full article can be found here.
As one commenter said, “forget the lottery, the real payout is in suing the City.”