You should have shorted Brobeck Phlegm months ago when they came out with their goofy advertising campaign on CNBC (the big hand straightening out the train, the glider--quel crap).
I have no mixed feelings about tort reform or the abolition of the class action. What a joke. Let's face it, on the civil side, we don't have a legal system so much as a license to steal. The idea of having a jury of 12 quasi-idiots decide whether or not Jackass Jones who smoked cigs for 40 years (sheet, they've been calling them "coffin nails" since the 1920s or before) did NOT assume the risk is, prima facie, ridiculous. We should just have a list of things people assume the risk of and then have all judges simply hand out preprinted summary judgments to dismiss on: all tobacco suits, all asbestos suits, all alcohol suits, all hot coffee suits, all fast food, processed food suits, all class action suits, all securities suits. Get it now and get it here: you are assuming the risk.
Also, I'd like to stop federal flood relief and hurricane relief for people who choose to live in flood plains and within 50 miles of the ocean, but that's just me.
As for asbestos, hey, it was the best quality product available at the time. MDR is paying the price because it put asbestos in things it build as per government specifications. As required by law. Now people want to sue fast (junk) food manufacturers because their kids, who they never supervised or "loved" got fat and unloveable. Jeewhiz.
It's a scam, and the plaintiff's bar if they improved their moral character by 8,000 percent would finally rise to the level of despicable. Maybe. Or, as Mark Twain might have put it, the greed of that group could circle the equator. Twice. And tie.
Kb |