WSJ: Texas pushes “loser pays” tort reform

Wall Street Journal [full text via Google News]: “Most notably, Mr. Perry is proposing a British-style ‘loser pays’ rule, which would require plaintiffs to pick up the legal costs of their targets if they lose their suits. Almost all of America’s economic competitors follow a similar standard, but trial lawyers and their Democratic codependents have blocked states from making this revolutionary improvement to U.S. civil justice.”