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Pastimes : Investment Chat Board Lawsuits

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To: rrufff who wrote (7285)2/12/2005 8:19:45 AM
From: Jeffrey S. Mitchell  Read Replies (2) of 12465
 
If the loser were required to pay the winner's legal fees and costs, one would be more prudent before bringing frivolous cases and cases would settle more often and sooner.

We've talked about this before on this thread, but to summarize: the reason why the US does not have a "loser pays" legal system is so that "little guys" are not afraid to sue big corporations for fear of losing and being wiped out by having to potentially pay their humongous legal fees.

What we need is a federal anti-SLAPP procedure (or one in every state) whereby it is easy, inexpensive, and fast to get frivolous lawsuits tossed out with the guarantee of getting your legal fees reimbursed.

- Jeff
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