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Waguespack: You’re paying for lawsuit abuse

As we’re preparing to head into a legislative battle for 2014, voices across the state have been voicing concerns on the impact lawsuit abuse has on our community and pocket books — and explaining how legislation can correct this. Read today’s article in The Times-Picayune on LABI President Stephen Waguespack’s recent presentation to business leaders and legislators on the costly downside of lawsuit abuse.

Louisiana Association of Business and Industry President Stephen Waguespack on Tuesday sounded the latest in a series of alarms over costly lawsuits being a drag on economic development… “It is your fight,” Waguespack said. “You’re paying. You’re paying when you’re driving your car. You’re paying when you insure your house. You’re paying when you go to the store and buy goods and services. And it’s holding us back as we compete for jobs and investment.”

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