What is tort reform, which many politicians seem to be talking about? Is it good for the consumer?
Shernoff Bidart Echeverria LLP believes that tort reform is aimed at protecting corporate profits and making it much harder for the common citizen to confront a mighty corporation on equal footing. The so-called reform refers to limiting the legal remedies available to consumers when they are defrauded or otherwise taken advantage of. For example, tort reform would put a cap on punitive damages and damages for emotional distress and reduce statutes of limitations.
