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Economists have tried to shed empirical light on the question of the efficiency of tort costs, focusing primarily on punitive damages. However, the limited data have not yielded a compelling answer.
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Class Action Lawsuits and Lawyers

economy. That fact helps raise the question of whether changes to the current tort system could reduce the system's costs without undermining its benefits. -------------------------------------------------------------------------------- 1. The statement that all legal costs are real resource costs assumes that lawyers' services are priced correctly in the market.
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Class Action Lawsuits and Lawyers

(6) Estimates for most of the indirect costs of the tort system do not exist--which is not surprising given that many of those costs are difficult to observe. For example, even firms that keep track of their safety-related spending would probably have trouble identifying the share driven by tort liability rather than by regulation or other factors. One notable exception to the lack of estimates of indirect costs comes from a recent study released by the U.S.
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Class Action Lawsuit Lawyers and Attorneys - Eli Lilly and Company ...

... Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina ... National Fraud Information Center (NFIC) Online Incident Report Form ... www.classactionamerica.com/affiliates/ gm/classactionlawsuit.asp?lngCaseID=2794 - 63k -
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Class Action Lawsuits and Lawyers

3 22.9 Asbestos State 55.6 309,000 50.6 12.
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