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Business & Economics PRESS ROOM |
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Lawsuit abuse hampers businesses, state economy
Submitted by Richard Weekley on 7.27.2007
The recent report of a $54 million lawsuit against a family-owned dry-cleaning business over a pair of lost pants was a harsh reminder of the threat of outrageous litigation American businesses, large and small, face every day.
State Legal Climates: Where the Law is Reasonable
Submitted by Carter Wood on 7.18.2007
Business needs to take a broader view of the cost of litigation when making key decisions, argues Steven B. Hantler in a new report on states' legal climates.
Legal environment crucial to economic growth
Submitted by John O'Brien on 7.17.2007
After his state again earned accolades for its ability to grow economically, Virginia Attorney General Bob McDonnell said a pro-business legal climate is a main reason why it is held in such high regard.
Texans for Lawsuit Reform Chairman's Statement On $54 Million `Pants Lawsuit'
Submitted on 7.17.2007
TLR Chairman and CEO Richard Weekley issued a statement today in response to press reports that the dismissal of the notorious $54 million "pants lawsuit" against family-owned dry cleaners has now been appealed.
Lawsuit-crazy culture costs U.S. billions
Submitted on 7.13.2007
An administrative law judge in Washington, D.C., last month lost his $54 million case against his drycleaners for misplacing a pair of his pants. Fifty-four million dollars. Over a pair of pants. Thankfully, he didn't prevail, but why was such an absurd lawsuit even allowed to get that far?
Mountain of Debt Looms Over California
Submitted by Matthew Piccolo on 7.13.2007
Over a year ago legislature passed a budget with a deficit of $4 billion. The projected deficit for this year is $3 billion, but the shrinking trend is over and the financial future of the Golden State looks grim.
The Best States for Business
Submitted on 7.11.2007
Forbes special report: The Best States for Business
Mississippi Moving Up In Litigation Climate Rankings According To Directorship Magazine
Submitted on 7.10.2007
Once ranked among the five worst states for liability climate, Mississippi has moved up in position – from 49th in the Harris poll to 33rd in Directorship Magazine’s annual composite standings – and is forecasted to move even higher.
NY's Missing Doctors
Submitted on 7.8.2007
There's hardly a more efficient way to damage commerce and, eventually, government itself than to construct a legal system that encourages frivolous suits.
Fares would rise if airlines docked
Submitted by Matthew Piccolo on 7.6.2007
Requiring airlines to compensate travelers for poor service would hurt consumers (Editorial, July 2). Since 1978, airline deregulation has decreased fares 10 to 18 percent, a savings to passengers of $5 billion to $10 billion per year. Inflation-adjusted industry salaries have grown 5 percent and employee benefits 69 percent.
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Total Records: 13
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