America's litigation system is the world's most expensive, costing the average family more than $3,200 per year. America's legal crisis is putting employees out of work, raising consumer prices, driving down shareholder value and bankrupting companies. Many plaintiffs' lawyers are exploiting flaws in our legal system in search of jackpot justice. Meanwhile frivolous lawsuits clog our courts, denying those most deserving of justice their right to a speedy trial.
The Chamber and the Institute for Legal Reform (ILR) are determined to change this.
Faces of Lawsuit Abuse
- Three-quarters of all small business owners in America are concerned they might be the target of a frivolous or unfair lawsuit. Of those who are most concerned, six in ten say the fear of lawsuits makes them feel more constrained in making business decisions generally, and 54 percent say lawsuits or the threat of lawsuits forced them to make decisions they otherwise would not have made.
- Small businesses paid $105.4 billion in tort liability costs in 2008.
- Small businesses are responsible for 64 percent of all new jobs created in the U.S economy. More jobs, higher wages, and better benefits could be provided if the average small business earning $1 million in revenue didn’t have to spend $20,000 each year on an out of control lawsuit system.
Learn More about the devastating impact of lawsuit abuse has on our society at www.FacesofLawsuitAbuse.org. Faces of Lawsuit Abuse is a project of the U.S. Chamber Institute for legal Reform.
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