Lawsuit abuse across the U.S. results in more than $160 billion in excessive tort costs
Dziadek v. Charter Oak Fire Insurance Company
(8th Cir., Filed Feb. 21, 2017): Arguing that above-market prejudgment interest should not be included in the denominator when calculating the ratio of punitive to compensatory damages. Above-market prejudgment interest overstates the actual harm suffered by the plaintiff and already serves a punitive function. If the Court concludes that some amount of prejudgment interest should be included in the denominator of the ratio, it should use a market rate for determining the amount and add the balance of the prejudgment interest- the effect of which is entirely punitive-to the numerator.
On August 15, 2017, the court ruled against ATRA’s position and affirmed the award of punitive damages.
Financial benefit of reforming Missouri’s tort system could support an additional 20k+ jobs & $3.38B in increased economic activity
$7 million spent in Quarter 1 of 2021 to air nearly 61,000 local legal services TV ads in Illinois
Montana Governor Greg Gianforte signs key bills aimed at improving the state’s civil justice system.