Aug 24, 2016 - 10:00am

Monumental Issues: Talking Abusive Lawsuits with Lisa Rickard


Former Managing Editor, Digital Content

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Photo by Ian Wagreich / © U.S. Chamber of Commerce

With summer in the homestretch, we decided to head out to one president’s seasonal escape from the White House – President Lincoln’s Cottage in Washington, D.C.

Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform, notes that Lincoln “was a trial lawyer who counseled against stirring up litigation.”

“He said that even the winner of a lawsuit is often the real loser in both time and money,” Rickard says. “One-hundred-and-sixty years later, lawsuits – abusive lawsuits – are still with us. And that helps to make our lawsuit system the most expensive on earth.”

It all adds up. Take the small dry cleaners sued for millions of dollars – over one pair of lost pants. Or Starbucks, sued for having too much ice in its iced coffee.

Rickard adds: “America has truly become the land of lawsuits. And Americans don’t like this at all. Nearly 90 percent say that there are too many lawsuits. And business leaders say that lawsuits impact where they do business or where they offer their products and their services.”

To learn more, including how your state ranks, visit instituteforlegalreform.com.

 

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About the Author

About the Author

Former Managing Editor, Digital Content

Eric Nelson is the former managing editor of digital content at the U.S. Chamber of Commerce.