Congress Looks Ready To Rein In Out Of Control Lawsuits

For Corporate America, overhauling the legal system to curb frivolous lawsuits and exorbitant damages has been a 16-year quest. And after the House and Senate passed vastly differing reform bills, it looked as if 1995 would be the 17th anniversary of failure. But leaders of the two chambers are quietly nearing a compromise that could hand business a sweet victory over a powerful alliance of trial lawyers and consumer groups.

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