I think we would all find the answer to the following questions very interesting.
1. What is the total number of lawsuits in the US for 2001? 2. What percentage were tossed out as "frivolous"? 3. How many of the "frivolous" resulted in "reverse damages" being awarded? 4. How many appeals were filed in 2001? 5. What percentage of decisions were appealed in 2001? 2000? from 1999 or before?
I'm not picking on you. I would think that somewhere there would be actual documentation to support your point the frivolous lawsuits make up a small portion of the legal actions taking place. Personally I think a bigger, more insidious problem is that those with "deep Pockets" use the appeal process to bankrupt their opponents before justice can be served.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.