Scimeca Warns: The Rising Impact of Mass Tort Litigation on Economic Well-being
Boston, MA — Across the United States, mass tort litigation is soaring, leading many experts to debate its impact on the economy and society. These complex legal battles, often encompassing hundreds or thousands of plaintiffs against one or more corporate defendants, are not just about enormous settlements; they’re about a cost that trickles down to consumers and manifests in various unexpected ways, from product prices to insurance premiums. These lawsuits typically arise when consumers suffer injuries or damages due to defective products, pharmaceuticals, or environmental disasters. The litigation is intended to ensure justice for aggrieved … Read more