<<The Supreme Court has really done our country some damage, this time. By opening up the President's office to civil lawsuits, they have set the stage for a 100 years of litigation. It's too easy to file a civil lawsuit. I think that it will spread. It is going to be used as a new weapon, that will be used by both political parties. The only thing that might slow down these civil lawsuits, in the future, would be the fear of having the finger pointed back towards themselves. Too many politicians have too much too hide.>>
Obligatory silver lining search::::
The spread of tort lawsuits and reluctance of courts to toss them out definitely threatens our economy and way of life. Even highly successful companies-as we believe Ligand will become-may eventually gain nothing for their success except a constant barrage of lawsuits from those literally trying to steal that success. Perhaps, then, if those who make and approve the laws start to feel significantly threatened, the possibility of true reform could emerge.
A heavy-handed but simple legal solution is to prevent attorneys from working for a percentage of the loot. (I believe there is such a law in the UK). There are, of course, other possibilities. All of this is a matter of the interaction of very long term, slow-moving trends. An accelleration of reform could have a very positive impact on the economy and markets, just for starters. |
