Frivolous Lawsuits Against Scientific Innovation Are Just Another Form Of Socialism

June 20, 2019

Unjustified and outsized verdicts harm society by discouraging investment in innovative products. Researchers at the University of Chicago Booth School of Business and Tilburg University recently aggregated data from more than 40,000 lawsuits filed between 1996 and 2011 and found that “frivolous lawsuits tended to focus on highly innovative businesses,” costing the average defendants $1.1 million each year.

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