New York City now ranks No. 2 on the American Tort Reform Foundation's annual list of 'Judicial Hellholes' as excessive legal costs hit an eye-popping $89 billion a year. Consumers have to pay higher costs for everything, including insurance; workers lose out on jobs that leave the state (or never get created here in the first place). Most of the blame falls on state government: In thrall to donations from the trial-lawyers' lobby, the Legislature's made it easy to sue big even when there's no real harm.
The city's courts are a playground for fraudsters and opportunistic trial lawyers, while honest New Yorkers foot the bill. New York's 'liability environment and lawsuit-friendly policies drive up costs and are a major factor driving businesses and residents to greener pastures in other states,' says Ashley Ranslow of the National Federation of Independent Business.
Collection
[
|
...
]