What are your thoughts on tort reform more specifically sett

What are your thoughts on tort reform, more specifically setting caps/limits (ceilings) on jury awards/verdicts in tort liability cases. Class action cases? Corporate liability cases? Is this a good idea? Who would lobby for these caps? Who DOES lobby for these caps? Do the caps undermine the notions of equity or justice?

Course-Business Law

Solution

Tort reform refers to the legislative changes that impact the personal injury cases. It mainly involves placing caps on how much an injured person would receive after winning a lawsuit. Tort reform is helpful to protect many facets of society from the crashing cost of unreasonable costs.

However in some cases like corporate liability, class action cases, or medical malpractice cases, it is unfair to cap damages and prevent the plaintiffs from getting full compensation for their losses. Even, in some states torts are considered as unconstitutional and are prohibited.