Yet another study indicates that Mississippi is paying a high price for the current tort situation.
Last week, Mississippians for Economic Progress released the results of a study it commissioned to examine the economic impact of lawsuit abuse in Mississippi.
The findings are troubling.
“Mississippi is losing over 9,000 jobs because our state’s court and civil justice system is broken,” said Lex Taylor, president of Taylor Machine Works in Louisville and chairman of of MFEP.
The study, prepared by Texas economist Dr. Ray Perryman, found “that the total cost of the tort system in Mississippi for 2001 was $1.294 billion.”
Clearly, business, health care and economic development will continue to suffer unless change comes to our state’s courtrooms.