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Tort Reform
Tort reform encompasses the litany of legislative attempts to limit the extent of civil liability in tort cases, particularly product liability cases. Manufacturing businesses, doctors, and their insurance companies are the major proponents of these efforts to limit expenses related to product liability injuries. Employment law, securities fraud, medical malpractice, and environmental issues also constitute the area of tort cases and their related reforms. Both federal and state legislatures have passed a variety of statutes that attempt to modify the alleged imperfections of the court's tort system.
History of Tort Reform
As a developing United States sought economic stability, caveat emptor(let the buyer beware) was the guiding legal principle in civil liability cases. The Industrial Revolution, with its ability to distribute products to a vast array ...
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