Frivolous Lawsuits – Why Are They So Prevalent?

ASSET PROTECTION is the concept of protecting and preserving one’s assets from frivolous lawsuits designed to primarily destroy your current and future lifestyle.

Let me put it another way, up to now, you’ve probably worked very hard to get where you are. But my guess is that you’ve worked too hard, endured too much stress … and for what? It can all evaporate before your very eyes because of of one or any frivolous lawsuit.

One of the fastest growing businesses in America is an army of contingent-fee lawyers. Did you know that 80% of total world’s lawyers are in the United States and 130,000 new students are currently attending law school?

Of one well-known and notable frivolous lawsuit that I can recall is the woman who was awarded $2.3 million in a suit against McDonald’s because she spilled hot coffee all over herself. (The Award was later reduced but not eliminated).

Here is an actual account of a frivolous lawsuit: while driving to an appointment, one of the employees remembers he needs to contact a coworker regarding a meeting. He dials the number on his cell phone, and briefly takes his eyes off the road. In that instant, a vehicle in front of him shifts lanes, and he strikes it, seriously injuring a 78-year-old woman. Under exactly this scenario, a jury awarded a $21 million judgment against Dykes Industries of Little Rock, Arkansas.

PREDATOR-PLAINTIFFS FILED 30 MILLION NEW LAWSUITS LAST YEAR

That’s over 82,000 lawsuits per day and the number keeps growing! Opportunists make careers out of filing lawsuits, knowing that the expense of defending against these attacks is so high, a settlement will likely be offered.

How Opportunists Find Out You’re Worth Suing. Your bank, brokerage and credit card transactions provide a remarkably detailed account of who you are, what you own and even describe or provide insight about your opinions, interests, ideology and religion. These records may be subpoenaed in a lawsuit and used against you. collection laws in California¬†

Like or not, your life has become an open book. Literally, you have NO financial privacy. I don’t mean to alarm you but the information that is recoverable about you and your family is frightening. The truth is just about everything you might want to keep private – details of your bank accounts, your phone records, medical records, credit reports and even your Social Security number can be viewed by anyone, anytime – for “the right price.”

The United States has some of the most relaxed privacy laws in the world. Information about you is bought, sold or shared without your knowledge or consent every day. You can slow down this trade in your data, but you can’t stop it.

WHY FRIVOLOUS LAWSUITS ARE SO PREVALENT IN AMERICA TODAY

In 2004, more than nine million Americans had their identity stolen and approximately 1.8 million were sued. For a few dollars, you can perform a search on the Internet to locate your target’s home address, work history, and telephone records and even balances in U.S. securities and bank accounts. Most other countries regulate this trade in information much more strictly than the United States. And in countries with bank secrecy laws, it means that this kind of financial information can never be shared, except under stringent conditions. Information about you, your wealth, your home and everything in it is for sale to the highest bidder.

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