Wednesday, May 20, 2020

AMERICA'S DESPERATE PARASITE LAWYERS LOOTING ON CORNOVIRUS CLASS-ACTION SUITS - WHY AREN'T WE SEE THEM HUNG FROM ROOF TOPS?


FINANCE

Lawyers threatening coronavirus class-action suits deterring business reopenings: Heritage Foundation

The threat of lawyers planning aggressive coronavirus class-action suits is putting off businesses from reopening even when it is safe to do so, according to the Heritage Foundation, which is calling for liability protection.

The latest report by its National Coronavirus Recovery Commission warned that next month could bring a tipping point for the economy as businesses fight for survival.

Without urgent action to encourage consumer demand and to ensure workers can return, the result could be an economic depression regardless of whether or not COVID-19 can be suppressed, it said.

Paul Winfree, Heritage Foundation fellow and former White House economic adviser, said businesses were “hemorrhaging liquidity” and that reform of the federal Paycheck Protection Program and liability protection are urgently needed.

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