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American Association for Justice Disputes US Chamber Report on Torts

Law said that a report by the US Chamber of Commerce’s Institute for Legal Reform says that “U.S. tort system costs totaled $429 billion in 2016, or 2.3 percent of the nation’s gross domestic product, but plaintiffs got just 57 cents on the dollar.” However, the American Association for Justice “discounted the findings of the chamber’s reports.” AAJ spokesman Peter Knudsen wrote, “The Chamber’s claims on the costs of litigation have no basis in reality and include items tangentially associated with litigation, like insurance companies’ administrative costs and profits.” He added that on the same day the Chamber released the report, they advocated “curbing the ability of shareholders to hold a company accountable if it defrauds its investors. These ‘reports’ serve as more proof that the Chamber will do and say anything to make sure that unscrupulous pharmaceutical companies, big banks, and large corporations are never held accountable in court.”

From the news release of the American Association for Justice.

Bob Kraft

I am a Dallas, Texas lawyer who has had the privilege of helping thousands of clients since 1971 in the areas of Personal Injury law and Social Security Disability.

About This Blog

The title of this blog reflects my attitude toward those government agencies and insurance companies that routinely mistreat injured or disabled people. As a Dallas, Texas lawyer, I've spent more than 45 years trying to help those poor folk, and I have been frustrated daily by the actions of the people on the other side of their claims. (Sorry if I offended you...)

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