WASHINGTON – One side says the United States has the most expensive system of civil lawsuits in the developed world, acting as a drag on business investment. The other responds that lawsuits make the economy more efficient, by providing an incentive for companies to put an end to costly mistakes.
On Tuesday, corporate lawyers and their rivals in the plaintiffs’ bar were back at their old arguments over the nation’s tort system, this time before a subcommittee of the House of Representatives Judiciary Committee. The subcommittee held a hearing titled, “Can We Sue Our Way to Prosperity?: Litigation’s Effect on America’s Global Competitiveness,” and it heard from witnesses including a partner at Skadden, Arps, Slate, Meagher & Flom.
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