quote:
Originally posted by PGStaff:
Someone mentioned, that sometimes law suits are settled simply because it's far less expensive to settle on a payment than it is to fight. Been there... Done that!
You can be 100% positive you are right and will win in any court. To fight... Your cost is estimated to be $50,000 plus your time. To settle... $20,000 and it's over. I actually wanted to fight, but even our attorney said that would be stupid, so we settled.
What would you do?
Therein lies one of the biggest problems within our legal system, and it is akin to the fox supervising the hen house.
Politicians, many of whom are lawyers, rarely come up with positive legislation to regulate their brethren. Yet tort reform can come in many different forms.
For instance, having laws that stipulate if a lawsuit is deemed frivolous, the party being sued can recoup all legal expenses. That would put a monkey wrench into the works. These contigency sharks cruising in the muddy water just biting blind hoping to hit flesh would grind to a halt.
Judges of course are also typically lawyers, so they might throw out the suit, but not want to deem it meeting the criteria of frivolous. So anytime you have people with a built in bias policing themselves, little seems to get done.
As to what I would do? In my present financial situation I'd have to cave into the system and agree to settle.
However if I had substantial wealth and could afford to take a few financial hits, I'd fight someone to the end of the earth if I was not at fault. The more you allow the blood suckers to win by bringing suits knowing they are without merit, the more it will increase the problem.
The long term solution of course is to find ways to elect politicians who have the same passion about tort reform, and hope enough of them get elected to overcome the trial lawyers lobby. Another alternative would be to start an organization to lobby politicians just like the blood ******* trial lawyers lobby does. Sometimes you must fight fire with fire.
If I ever win the lottery or have someone bequeath a large some of money to me, this issue would be in my top 3 things to get done, as it perverts our entire legal system.
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