Risk Management 101

Tort reformers relish stereotyping trial lawyers as a bunch of ambulance-chasing pirates. In this stock propaganda, they at best file frivolous suits to trick gullible juries into awarding billions in false claims, and at worst extort settlements to avoid the negative publicity and potential jackpot verdicts of an actual trial.

While the stereotype too often rings true, many times those on the hot seat get exactly what's coming to them. Such was the case with the verdict against the Port Authority of New York and New Jersey in a negligence suit involving the first terrorist attack on the World Trade Center in 1993. A van filled with explosives parked in the garage beneath the WTC killed six and injured some 1,000.

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