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9/11 fund bad, suing good

A reader emails:

You might be interested in this paper (PDF) by an academic who faults the 9/11 Victims Compensation Fund for inducing people to forgo litigation. That's bad because litigation is good. It's not about the money, it's about democracy and accountability. On second thought, maybe you know already everything the paper says without having to actually read it.

Incidentally, the paper is written by Prof. Gillian Hadfield of the University of Southern California Law School, who co-directs the School's Olin-foundation-supported Center in Law, Economics and Organization, and it's forthcoming in a volume entitled The Future of Terrorism Risk Insurance, published by the Defense Research Institute, the organization representing the interests of civil defense lawyers (which is having me in on a panel at its annual meeting in Chicago in a couple of weeks).

For a different critique of the 9/11 fund, see David Henderson's.

P.S. (Oct. 15): Our original correspondent writes back to say: "There's those Olin people, paying off academics to advance the interests of greedy corporate defendants again..."



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.