Abstract
The origins, processing, and consequences of lawsuits seeking compensation for a wide range of alleged harms remain lively topics of public debate and discussion. Questions cut to the heart of concerns about the efficacy of our legal system, the power of interest groups, and the health of our economy. Is the amount of litigation too large, too small, or just about right? Are lawyers encouraging the filing of frivolous cases, or are individuals taking their lumps without seeking relief in the courts? What happens when individuals and corporations decide to slug it out in court? Who wins? Who loses? And how can patterns of verdicts and awards be understood in the context of tort reform? Are trial verdicts final, or do litigants and appeals courts render the trial verdict only one step on the road toward an ultimate resolution?
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