S1 E45 NY Fraudemic - Organized Crime, Nuclear Verdicts and the Law Bankrupting the Big Apple

Send us Fan MailThis episode of the Deep Dive is an extensive overview of New York City's classification as a "Judicial Hellhole" due to rampant lawsuit abuse, which has made is the epicenter of the national "Fraudemic".  In fact, New York has its own specific "NY Fraudemic" label tied to its systemic fraud schemes, particularly within the construction and automobile insurance industries.  Exploiting laws like the Scaffold Law and the state's No-Fault system.  Our source highlights the prevalence of nuclear verdicts and various forms of litigation including ADA lawsuits, asbestos litigation, and no-injury consumer class actions, which contribute to rising costs for businesses and residents.Furthermore, the text details the significant political spending by plaintiffs' law firms to maintain a favorable legal and environment and criticizes Judes for allegedly enabling the abuse by turning a blind eye when presented with evidence of suspicious cases.Fasten your seat belts, hold on to the reigns tight and let's dive in to what in NY is the wildest of rides!Support the show