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Tuesday, March 22, 2022

The Legal Windfall

Americans feel that if something untoward happens to them, someone else ought to pay. In Richmond, California in the mid-1990s, lawyers had a field day. An explosion in the local chemical works spread fumes over the city. Within hours a swarm of lawyers descended on the town and persuaded 70,000 of them to issue claims. The insurers of the plant were obliged to pay out a total of $180 million, of which the lawyers creamed off $40 million.

Ronald Irving, The Law Is An Ass, 2011 

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