Report: Excessive lawsuit costs subtract almost $2 billion and 20,000 jobs from Louisiana’s economy

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Groups calling for an overhaul of Louisiana’s legal system say “excessive” litigation costs subtract $1.9 billion from the state’s annual economic output, leading to the loss of 19,794 jobs and […]


Groups calling for an overhaul of Louisiana’s legal system say “excessive” litigation costs subtract $1.9 billion from the state’s annual economic output, leading to the loss of 19,794 jobs and a per-person “tort tax” of $417.72.

 

Yearly tax dollar losses are estimated at $100.3 million for state government and $84 million for local governments.

 

Read more in the Center Square

 

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