ILR COO Harold Kim and Louisiana Association of Business and Industry President and CEO Stephen Waguespack wrote in The Hayride that Louisiana is “rapidly developing a reputation as a paradise for trial lawyers.”
The Pelican State ranked 49th out of 50 on the 2019 Lawsuit Climate Survey, which came out two weeks ago. Waguespack and Kim say the state’s poorly-ranked legal system has caused higher insurance rates in the state and is threatening jobs. They also cite an economic study that found that every Louisiana household’s share of the state’s tort system was $1,000 more than the national average.
Kim and Waguespack call this a “trial lawyer game,” and say it’s “time for a new game altogether, one where justice is served, Louisiana’s economy grows, and everyone wins.”