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Keyword: torst

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  • Pseudo-Tort Alert!

    08/03/2004 5:29:32 AM PDT · by OESY · 3 replies · 531+ views
    Wall Street Journal ^ | August 3, 2004 | MICHAEL I. KRAUSS and S. FRED SINGER
    ... [S]tates' attorneys general garnered a huge windfall for their treasuries (and for the bank accounts of selected private lawyers) in tort suits against tobacco companies. The suits were invalid as a matter of law, but never mind -- they pressured Big Tobacco to agree, in exchange for shelter from competition, to split future profits with the states. (When private parties do this, it's racketeering.) ... [T]hey filed a new pseudo-tort intimidation suit against five large electric utilities. What civil wrong have these defendants committed? They dared to operate 174 power plants, in full compliance with state and federal regulations....