Projected

Soaring Tort System Costs Projected to Reach $900 Billion by 2030, Straining U.S. Households

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WASHINGTON — The financial repercussions of tort lawsuits in the United States are vast and increasing, burdening households across the nation. Recent studies by the U.S. Chamber’s Institute for Legal Reform (ILR) highlight a marked rise in both costs and compensation linked to the U.S. tort system. In 2022 alone, these expenses amounted to approximately $529 billion, representing 2.1 percent of the U.S. GDP, or roughly $4,207 per American household. This upward trend in tort system costs has been persistent, with the average annual growth rate hitting 7.1% since 2016. The situation appears even more … Read more

Projected Paraquat Settlement Payouts: Updates on Parkinson’s Lawsuits

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Chicago, Illinois – The Paraquat class action lawsuits continue to grow as more plaintiffs come forward alleging that the herbicide caused them to develop Parkinson’s disease. As of January 2023, there are over 2,300 cases pending in the Paraquat multidistrict litigation (MDL) in the federal courts. The litigation has seen a significant increase in the number of new cases filed each month, with an average of over 200 new cases per month in 2022. The plaintiffs in these lawsuits claim that exposure to Paraquat, a popular weed killer, led to their Parkinson’s disease diagnosis. They … Read more