Tort 'reformers' have frivolous case, economists say.

Trial | July 1, 2005| | Copyright

When tort "reformers" make their case for restricting consumer rights, one of their most-used sources of information is Tillinghast-Towers Perrin (TTP), a global consulting firm that publishes a yearly report on the costs of the tort system to the U.S. economy. The most recent study, U.S. Tort Costs: 2004 Update, puts the figure at $246 billion. TTP's numbers are frequently quoted in advertisements and publications that attack trial lawyers, such as the "shark bait" ad produced by America's Health Insurance Plans.

But a new, independent study of the TTP report finds ...

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