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Technology Stocks : How high will Microsoft fly?
MSFT 510.37+1.4%Nov 14 9:30 AM EST

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To: blankmind who wrote (24797)6/24/1999 9:37:00 AM
From: Tom Chwojko-Frank  Read Replies (1) of 74651
 
we could have tort reform - which means loser pays - which means all these frivolous suits go away

The problem with loser pays, is the "little guys" won't be able to afford the risk of suing the "big guys".

I think a better reform would be that punitive damages may not go to the lawyers nor the plaintiffs. (Where they should go would be a hot topic, however.) Lawyers would then have no incentive to go for large punitive awards for the drunk guy who climbs over a fence to fall into someone's pool. They would have incentive to go for the egregious acts that do have merit.
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