Class Action Lawsuits and Lawyers

If liability awards exceed actual injury losses--for example, because of punitive damages--potential injurers may be motivated to overspend on precaution (provided they can identify enough promising ways to do so). As an example, suppose a firm expects to pay two dollars in liability for every dollar of actual social costs it produces. In that case, it will perceive investments in precaution to be twice as valuable as they are to society as a whole, and thus it will have an incentive to spend up to two dollars for every additional dollar in actual costs saved. All of the spending that returned less than one dollar per dollar from society's standpoint would reduce the net savings from precaution, making it less likely that tort costs on the whole were efficient.
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Class Action Lawsuit Lawyers and Attorneys - Suppliers of St ...

The Kahn Gauthier Law Group and Class Action Lawsuit Lawyers and Attorneys are ... Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina ... www.classactionamerica.com/affiliates/ gm/classactionlawsuit.asp?lngCaseID=1088 - 61k -
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