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re: Does anyone hope that the La. legislature will pass a "loser pays" law?
Posted on 2/15/17 at 9:16 am to CorporateTiger
Posted on 2/15/17 at 9:16 am to CorporateTiger
quote:Perhaps you didn't read the post you were responding to, or perhaps you had a preformulated post in your mind. Loser-pays, in the terms delineated, assumes significant importance.
Yes and that is for a broad range of reasons. One of the least important on that list is the lack of loser pays.
1
Posted on 2/15/17 at 9:19 am to CorporateTiger
LA will have an uphill battle for tort reformers b/c of our population demographics and elected judges
Posted on 2/15/17 at 9:19 am to SlowFlowPro
Lowering the jury threshold would clean up a lot of the mess. I'd like to see the prescription period extended to two years in reciprocation.
Those two changes alone would do wonders.
Those two changes alone would do wonders.
Posted on 2/15/17 at 9:22 am to boosiebadazz
if you remove direct action, you basically have to extend the SOL
but in TX, you have 2 years to add everyone. you don't have the liberal rules like in LA that allow you to add defendants somewhat easily after the SOL has run. it's a tradeoff
but in TX, you have 2 years to add everyone. you don't have the liberal rules like in LA that allow you to add defendants somewhat easily after the SOL has run. it's a tradeoff
Posted on 2/15/17 at 9:27 am to NC_Tigah
No I read your post. I understand your point,y response was more geared toward the overall tenor of this thread.
Simply put most of this thread is based around incorrect information put forth by the insurance industry which is designed to get other "reforms" (of varying quality) passed. Because loser pays has an innate appeal, people unfamiliar with the system put the cart before the horse.
If this turned into an added item after a massive overhaul of the system, then ok. That hasn't actually been what most proponents in this thread are pushing though.
Simply put most of this thread is based around incorrect information put forth by the insurance industry which is designed to get other "reforms" (of varying quality) passed. Because loser pays has an innate appeal, people unfamiliar with the system put the cart before the horse.
If this turned into an added item after a massive overhaul of the system, then ok. That hasn't actually been what most proponents in this thread are pushing though.
Posted on 2/15/17 at 9:29 am to SlowFlowPro
LAl is fricking shittastic place for my industry to litigate. That has nothing to do with the rules or statutes. Even the conservative parts of the state can be awful for big defendants.
Note that even given that, litigation costs are a tiny component in our overall costs. Anyone who believes legacy lawsuits move the needle on o/g development are completely incorrect. That said they suck arse to defend.
Note that even given that, litigation costs are a tiny component in our overall costs. Anyone who believes legacy lawsuits move the needle on o/g development are completely incorrect. That said they suck arse to defend.
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