The cost of frivolous litigation to the US
One of the biggest threats to your financial well-being is litigation. The American judicial system is too often an enemy of prosperity. Courts in the United States are clogged with civil suits demanding enormous sums for imagined or statutorily-concocted injuries that create supposed victims of harassment, disability or discrimination.
No matter how safe you think you are, it doesn't take much to have a lawsuit filed against you these days. Recent headlines have warned that people are now being sued for "defamation" for writing negative product reviews on places like Amazon.
A U.S. group "Legal Reform Now" claims that:
- more than 15,000,000 lawsuits will be filed in state courts alone by the end of 2012,
- 1 new lawsuit every 2 seconds,
- 1 for every 12 adults in America.
According to consulting firm Towers Watson:
- the direct cost of U.S. tort lawsuits ONLY in 2009 was $250 billion
- that's a little over 1.5% of the entire U.S. GDP
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Bob Bauman JD, "How to Start Lawyer-Proofing Your Life in 72 Hours"
http://marketnewsaok.blogspot.com/2012/09/is-there-lawsuit-with-your-name-on-it.html
No matter how safe you think you are, it doesn't take much to have a lawsuit filed against you these days. Recent headlines have warned that people are now being sued for "defamation" for writing negative product reviews on places like Amazon.
A U.S. group "Legal Reform Now" claims that:
- more than 15,000,000 lawsuits will be filed in state courts alone by the end of 2012,
- 1 new lawsuit every 2 seconds,
- 1 for every 12 adults in America.
According to consulting firm Towers Watson:
- the direct cost of U.S. tort lawsuits ONLY in 2009 was $250 billion
- that's a little over 1.5% of the entire U.S. GDP
_________________________________________________________
Bob Bauman JD, "How to Start Lawyer-Proofing Your Life in 72 Hours"
http://marketnewsaok.blogspot.com/2012/09/is-there-lawsuit-with-your-name-on-it.html