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Costs to:
Charitable Organizations
-
The cost [of the liability crisis] to charity organizations
is even greater, because they lose their volunteer workforce
as a result of bogus lawsuits. It has become more and more
difficult to find individuals to act as Board Members for
those organizations, for fear of being dragged into some
litigation nightmare.
(KRC:
Marcus, “Solutions for the Litigation….”)
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“It's easy to see business and charity as two separate
spheres, and forget that abuses of the legal system have a
negative impact on both. The first thing to remember is that
charities, non-profits, and foundations are every bit as
much in the legal crosshairs as businesses. As a result,
volunteers for non-profits are harder to recruit because of
their fear of being sued.”
(KRC:
Marcus, “Solutions for the Litigation….”)
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“Remember, we're living in an era when Little League umpires
are sued by parents for calling junior "out" at home plate.
It all adds up to a soaring liability problem that, for many
organizations, has been ruinous. Without a doubt,
skyrocketing litigation-related costs have come at the
expense of programs that should be helping needy and needful
Americans.”
(KRC:
Marcus, “Solutions for the Litigation….”)
Costs to:
States
-
“State-level studies show that tort costs are so high –
and varied – that they create significant competitive
advantages and disadvantages among states.
(KRC:
Hantler, “Seven Myths…” p.6)
-
“[A]n overwhelming 80% [of in-house general counsel and
senior litigators surveyed] report that the litigation
environment in a state could affect important business
decisions at their company, such as where to locate or
do business.”
(KRC:
Nicolaides, “U.S. Tort Reform and the
Implications…” July 2004, p. 5, citing Harris
Interactive Inc., “State Liability Systems Ranking
Study”, Executive Summary, March 8, 2004)
-
“‘Why would you want to invest in a state with a hostile
legal environment? We want fairness, rather than
being the target of frivolous lawsuits. There are states
where doctors can’t do business anymore, because
malpractice lawsuits are out of control’.”
(KRC:
Hantler, “Seven Myths…” p.6, quoting
former AIG Chairman and Chief Executive Officer Maurice
R. “Hank” Greenberg, AIG’s Greenberg is hopeful on
SARS, tort reform, Best’s Ins. News, May 13, 2003 )
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Legal Reform Works!
 The
meaningful tort reform measures enacted by Texas in 2003,
together with reform legislation passed in prior years, have
significantly improved the State’s legal environment, paving the
way for more businesses, more jobs and a better economy for the
State.
In fact, in a media campaign – “Moving to Texas”
– launched to promote Texas as the ideal location for growing and
expanding businesses, Governor Rick Perry attributes the State’s
passage of sweeping lawsuit reform measures as one of the reasons
his state won the coveted 2004 Governor’s Cup award for the largest
number of job creation announcements in the country and for its
selection as the state with the best business climate in the
nation. Both awards were given by Site Selection Magazine, the
premier business publication on job creation.
Watch 30-second Ad*
*This link is to a
video on Governor Perry's website. If the link no longer
works,
please notify Kristyn
Shayon, kshayon@lawexec.com.
Thank you.
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