Question
Tort Reform is a political, social and economic movement focused on reforming our tort system. It arises out of the belief that in some cases
"Tort Reform" is a political, social and economic movement focused on reforming our tort system. It arises out of the belief that in some cases our legal system has "run amok:" that too many frivolous suits are brought; that damage awards are excessive; and that the costs associated with these cases are passed onto businesses and consumers.
One approach many states have taken to rein in jury verdicts is to impose caps on damages.
Do a little research and consider/discuss the following questions:
1. What are the different approaches that states have taken in limiting damages?
2. Does New York have a cap on damages?
3. What are the benefits of caps on damages? The detriments?
4. What is your opinion on caps on damages?
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