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NORTHERN CALIFORNIA RECORD

Friday, May 3, 2024

M. N. Tirado News


Growing number of large verdicts, class action lawsuits driving up costs, hurting low-income Californians

By M. N. Tirado |
The Public Policy Institute of California (PPIC), a nonprofit research institution, has revealed that over half of California's residents are grappling with financial hardship due to inflation. In a separate report, the state's escalating prices are attributed to an increase in liability risk and costs, fueled by a surge in class action lawsuits and large jury verdicts.