After a near fistfight over this and a number of other contentious issues, the Texas House passed Saturday a “loser pays” bill. Under this law, even a winning plaintiff can end up losing if the award is less than 80 percent of a defendant’s settlement offer, the winner could owe more in legal fees than the award.
The Texans for Lawsuit Reform said that the bill provides “incentives for fair and early settlements and imposes risk on those who pursue meritless or abusive lawsuits.”
You pay expenses if you only get 79% of what the defendant offered. Texas has pretty much gone mad. I give it three years before Texans realize what they are doing.
The bill has not yet passed the Texas Senate. If it does,Governor Rick Perry will sign the bill.