The Texas Legislature took it to the Trial Lawyers in their current session by passing ‘Loser Pays’ legislation, which means that if a class action, medical malpractice or product liability lawsuit is without grounds, the plaintiff pays not only his court costs, but the defense court costs and all legal fees, as well.
It passed unanimously.
Tejas está abierto para el comercio.
Other States best pay heed to Texas’ seizure of the best place to do business in America. Texas is defnitely Open For Business.
The importance of this legislation cannot be overstated, because it does so many good things.
It will definitely help reduce frivolous lawsuits and out of court settlement shakedowns, thereby reducing costs to business, but of equal or greater importance, it starves the leeches of the Trial Lawyer persuasion. The Trial Lawyers and their advocates and enablers in the Democratic Party dance cheek-to-cheek in perfect rhythm to a quid pro quo dance macabre all across this country.
In the 2008 election cycle, the industry contributed a massive $234 million to federal political candidates and interests , 76 percent of which went to Democratic candidates and committees.
That’s $178 Million in 2008 at just the Federal level. That’s not Governorships, Attorneys General and countless other state and local races.
Bryan Preston lays out the background and the epic nature of this stunning defeat for slip and fall attorneys over at Pajamas Media Tatler. In his state’s case, the Texas Trial Lawyers Association channeled some $13 Million to the Democrats in 2010 alone. Fortunately they lost and now they’ve been handed another stunning set back.
The other 49 States need to get on board ASAP, including my own Virgnia. This needs to be a key legislative initiative in all State Houses in the next year.
Starve the Beast.
Thanks, Texas. You’ve lead the way.