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March 20, 2012

Tort system foisting costs on US businesses

The president of Cybex International, a fitness-machine company, writes in Forbesthat American businesses are paying billions of dollars towards excessive and frivolous litigation, putting the economic recovery in jeopardy.  He adds that businesses such as his, which was hit with a $66 million jury verdict in a case of misused gym equipment, are devoting more of their budgets to legal defense than to hiring and innovation.

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