Here is a good op-ed from Leonard Sloane about how tort reform, if enacted, will lift the floodgates on corporate fraud and wrongdoing.
“Tort reform” doesn’t work. Texas is the national model for so called “tort reform,” but medical-malpractice insurance premiums there only went down by 1.2 percent… “Tort reform” leads to unsafe health care. What is even more ironic is the quality of health care in Texas has declined precipitously in the past year.
In condemning the gall and hypocrisy of corporate America, the CBS legal commentator Andrew Cohen recently said the “tort reform” advocated by Wall Street would “unshackle the savageries of corporate America and (leave) individuals less protected against an ever-freer and more predatory market.” That says it all.