Ohio Manufacturer: System of ‘Jackpot Justice’ Causing Financial Harm to U.S. Economy

Andrew O. Smith, CEO of Yenkin-Majestic Paint Corp. in Columbus, has also penned his thoughts on the movie “Dark Waters” and what he calls “a system of ‘Jackpot Justice’ where trial lawyers and special-interest groups extort huge payouts and regulate manufacturing through litigation.”

In a Jan. 2 guest editorial published in The Columbus Dispatch, Smith wrote: “Lawsuits impose a cost on our country equal to roughly 9.4% of GDP or about $2 trillion annually in dead-weight losses, showing up in higher costs for goods and services to the tune of $6,000 for every man, woman and child in this country, every single year.” 1/2/2020