Louisiana has earned the seventh-highest ranking in the 2014–2015 American Tort Reform Association (ATRA) Judicial Hellholes® report of the worst places to be sued.
Lawsuit lenders often offer loans to consumers with hidden fees and sky-high interest rates that can range between 60-150 percent annually. To put that in perspective, the average annual percentage rate on a credit card is 13.3 percent.
With astonishing multi-million dollar verdicts being rendered nearly every other week, and laws and judges that seem to give plaintiffs the upper hand in legal proceedings regardless of the facts of the case—it is no wonder that we’ve become a regular on the Hellholes watch list.
When it comes to the very important issue of legal reform, we are worlds apart. Despite the fact that residents in both Louisiana and Texas share the common goals of creating jobs and cutting down on lawsuit abuse, we have chosen remarkably different paths to address these issues.
Like Texas, Louisiana needs to adopt an aggressive pro-growth, pro-jobs agenda that will help stop lawsuit abuse and help businesses put people back to work.
LLAW, a legal watchdog group, has released a report on Louisiana’s “broken legal system.” The new analysis highlights the vulnerability of municipalities to frivolous lawsuits and the expense to taxpayers.