03/10/11 Lawsuit Abuse
Lawsuit abuse is damaging to our nation.
People who are legitimately harmed deserve their day in court. But the system is clearly broken.
Recent examples of lawsuit abuse include the Congressman suing the U.S. House cafeteria because he bit into an olive pit in his vegetarian sandwich. A DEA Agent who accidentally shot himself during a gun safety lecture is suing the agency after video of the event became public. And a college student filed a $1.8 million suit because the prostitute he hired left him unsatisfied.
Last year, a St. Louis judge approved a nearly $28 million cash settlement against investment firm A.G. Edwards. The class of almost 300,000 people – the alleged victims – got to split six million in cash and received three coupons each worth $8.22. The lawyers got the rest: $21.6 million.