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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (5682)2/20/2002 1:50:45 PM
From: Raymond Duray  Read Replies (1) of 33421
 
Hi John,

I'm no fan of frivolous tort actions. The asbestos claims are a case in point of a legal system run amok. But the answer proposed by the corporate chieftains and the Bushistas to eradicate the ability of victims to seek redress is a wrong-headed approach, IMO. I'd much prefer to see the Dutch system instituted, with trial awards strictly limited to pre-set levels of compensation, and eliminate the possibility of run away juries who see "punishing" errant corporations with outrageous penalties as being useful. Surely, eliminating these outlier excessive penalty fines would go a long way toward giving us all a sense of the basic fairness of the system.
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