"Excessive litigation increases costs throughout the supply chain and across the economy. Litigation costs send insurance premiums skyrocketing, inflate the price of goods and services, frighten innovators from introducing new products, and undermine job growth and economic development. If policymakers are truly interested in building a more affordable New York, they should set their sights on reining in the Empire State's notoriously litigious environment. Unfortunately, lawmakers continue to introduce bills that would make it easier and more profitable to sue."
"As part of this effort to build a more litigious New York, legislators are increasingly adding private rights of action to the measures they introduce. These provisions legal mechanisms that allow trial attorneys to cash in on lucrative no-injury enforcement lawsuits are consistently tacked onto bills covering complex policy areas. It seems that if legislators had their way, energy policy, innovation policy, and even housing policy would all be outsourced to profit-motivated law firms."
Excessive litigation increases costs throughout supply chains and the broader economy. Litigation drives insurance premiums up, raises prices for goods and services, deters innovators from introducing new products, and undermines job growth and economic development. Legislators are increasingly adding private rights of action that enable trial attorneys to pursue lucrative no-injury enforcement lawsuits, frequently attaching such provisions to complex policy bills including energy, innovation, and housing. Texas' abortion law exemplifies how deputizing private individuals converts the civil justice system into a bounty-hunting enterprise. The national replication of that structure for issues like climate change and emerging technologies threatens innovation leadership and invites enforcement abuse.
Read at www.amny.com
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