IN CASE YOU MISSED IT: TLR Letter to the Editor—Following the Law Should Protect Your Firm
By Richard W. Weekley
Your editorial “Fighting a Tort Plague” (Jan. 7) raises a critical question for businesses that make highly regulated consumer products. Can you do exactly what the government tells you to do and still get sued?
Government standards exist to protect consumers. Most manufacturers adhere to them, and in some cases even work to exceed them. That adherence should not be weaponized by mass-tort lawyers against manufacturers to open a Pandora’s box of litigation. Lawsuits don’t happen in a vacuum. They create real costs for job creators that are passed along in higher prices for consumer goods or less investment in products, employees and communities. The U.S.
Chamber Institute for Legal Reform recently found that the U.S. tort system cost $429 billion in 2016, or more than $3,300 per American household.
Thankfully, there is some reprieve at the state level. For example, Texas amended its product-liability laws 15 years ago to provide that if a pharmaceutical company uses a warning label approved by the FDA—and didn’t lie to the FDA to get the approved label—then the company cannot be liable under Texas law for any deficits in that label.
Texas is well ahead of the nation in this regard. But Texas has also been working for 25 years to make its legal system fairer and more efficient, which has strengthened its economy and made it a national leader in job creation.
Other states—and our federal government—would do well to follow suit.
Richard W. Weekley
Senior chairman
Texans for Lawsuit Reform
Houston
In case you missed it: As attention nationwide turns increasingly to inclusivity and representation in the highest branches of government, the Texas Supreme Court has actually become less diverse over the last decade. Advocates and former judges are looking to the recent vacancy with hope that that will change. Read and share: bit.ly/33kFjVj
With a new vacancy on the Texas Supreme Court, attention turns to diversity concerns
tortreform.com
As attention nationwide turns increasingly to inclusivity and representation in the highest branches of government, the Texas Supreme Court has actually become less diverse over the last decade&...Of all the various tactics used by oil and gas industry opponents to block its activities, one of the most noteworthy has been the incessant, decades-long stream of class-action lawsuits in Louisiana. Unfortunately, that cottage industry has been successful in depressing the state’s oil and gas sector and in enriching plaintiffs' firms while failing miserably in its’ stated objective of raising funds to help with the pressing problem of the ongoing loss of lands and wetlands throughout the Mississippi River delta region. Read and share: bit.ly/2P31jAY
Public Policy Via Lawsuits Delivers Zero Dollars For Louisiana Coastal Restoration
tortreform.com
Of all the various tactics used by oil and gas industry opponents to block its activities, one of the most noteworthy has been the incessant, decades-long stream of class-action lawsuits i...The row over the finances at litigation funding giant Burford heated up further after hedge fund Muddy Waters said it will report the company and its directors to the city regulator, alleging they misled investors. Muddy Waters intends to hand over its 25-page report on the litigation financier to the Financial Conduct Authority and ask it to launch a probe. Read and share: bit.ly/33Gadb2
Muddy Waters reports Burford Capital to watchdog as battle between the two escalates
tortreform.com
The row over the finances at litigation funding giant Burford heated up further today as hedge fund Muddy Waters said it will report the company and its directors to the City regulator, alleging...
Fighting lawsuit abuse keeps our courts fair and our economy strong. Learn more →
About - Texans for Lawsuit Reform
TLR's objective is to restore litigation to its traditional and appropriate role in our society. A lawsuit takes a heavy emotional and financial toll ...
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#ICYMI: Advocates and former judges are looking to a vacancy on the Texas Supreme Court with hope it will bring more diversity. Read & RT: #txlege #lawsuitreform
With a new vacancy on the Texas Supreme Court, attention turns to diversity concerns
As attention nationwide turns increasingly to inclusivity and representation in the highest branches of government, the Texas Supreme Court has actual...
bit.ly
