NU Online News Service, May 17, 3:45 p.m. EDT–No credible evidence exists to link civil litigation activity to the nation's economic ills, according to a think tank report released today.
Sponsored by Washington, D.C.-based Economic Policy Institute, the study was prepared by economist Lawrence Chimerine and attorney Ross Eisenbrey. They reported their research found no indication that imposing tort reform measures would create an economic benefit.
"Instead, our analysis shows that the so-called tort litigation crisis is based on wildly overstated cost estimates that have been wildly cited by lawmakers and the media as support for calls for legal change," said a spokesperson for the Washington-based institute.
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