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Tort Reform: Our tort system is like the Hydra of Greek lore, whose heads grew back when chopped off. Close down one tort abuse and another springs up.
Things were looking up. Oil giant Halliburton's settlement of its asbestos claims was partly due to a change of heart by plaintiffs' attorneys. They feared a Republican-controlled Congress meant the end of open season on corporate America.
In Texas, a judge hit a law firm with a $500,000 fine for "forum shopping," in which tort lawyers look for sympathetic courts to hear their cases. Even Mississippi, rated the most hostile state to big business, passed a measure designed to curb lawsuits. Gov. Ronnie Musgrove signed into law several rules, including a cap on punitive damages for product liability.
"A message has been sent to the rest of the world about doing business in Mississippi," said Musgrove, who hopes to change the state's reputation as the haven of "jackpot justice."
Yet the Hydra has grown a new head in the governor's back yard. In Jefferson County, a prized "forum shop," two former Mississippi jurors have sued the CBS news show "60 Minutes."
The former jurors say "60 Minutes" defamed them by calling their county, well, what it is: the capital of "jackpot justice."
They want $6 billion.