Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site sphinx.UChicago.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxt!houxm!ihnp4!gargoyle!sphinx!mmar From: mmar@sphinx.UChicago.UUCP (Mitchell Marks) Newsgroups: net.legal,net.flame Subject: Re: Liability Lawsuits Getting Out of Hand Message-ID: <900@sphinx.UChicago.UUCP> Date: Sat, 27-Jul-85 04:28:19 EDT Article-I.D.: sphinx.900 Posted: Sat Jul 27 04:28:19 1985 Date-Received: Mon, 29-Jul-85 05:55:46 EDT References: <211@pedsgd.UUCP>, <565@hou2g.UUCP> Organization: U Chicago -- Linguistics Dept Lines: 43 Xref: watmath net.legal:1912 net.flame:11376 From: scott@hou2g.UUCP (N. Ersha) Message-ID: <565@hou2g.UUCP> > ... how about this for a solution > to the problem of frivolous lawsuits: > > In addition to giving the judge the power to fine people > who bring such nonsense to the courtroom (which I think > is already being done in some places), how about putting > a cap on attorneys' fees for liability cases? At least then > if one of these silly cases should make it to court, it'll > prevent plaintiffs from asking for such ridiculous sums > (i.e. 3 Million for stubbing your toe). As now stands, if an > attorney gets, say, 10% of the settlement, it is in his/her > interest to "go for the big bucks". > > What do YOU think? > > SJBerry Contingent fees in liability cases are more often 30% or 40% than 10%. I mention this a factual background, not to say ``it's even worse than SJB thought'', since I don't think it's bad. The contingent fee system is what enables ordinary people to bring suit against rich & powerful corporations. And of course nobody gets $3 million for a stubbed toe. Yeah, I know, Scott was just exaggerating some, but the parameters are so far out of line that it's no longer a useful illustration. Three million would *not* be an excessive figure to compensate for asbestosis, lung cancer, early death. And that's a reasonable figure just from lost future earnings, computing present value at a reasonable rate or interest -- it says nothing yet about pain & suffering. Again, I refer you to the series on asbestosis in the_New_Yorker last month. Awards in the million range only came through quite recently. The first few plaintiffs had a hard time establishing their cases at all (due to a big cover-up), and then the awards stayed under $100,000 for a long time. That's not a reasonable ceiling, if you remember what it was for. Sure, a large figure for trivial injury is wrong. But do you think judges and juries are passive dupes? -- -- Mitch Marks @ UChicago ...ihnp4!gargoyle!sphinx!mmar