C-SPAN has the speech here. From Blog of Legal Times coverage:
Giuliani said at the Chamber’s Legal Reform Summit that almost every year he was mayor, the city’s tort bill for hospitals was $300 million because of all the malpractice lawsuits. “I would have to say without even worrying about being contradicted that half of that and more was just absolutely phony claims because we have a tort system in new York that is completely unfair, completely biased,” he said. …
As an example, Giuliani cited the case of a man who was fleeing from the police when he tripped on a pothole and became paralyzed. The man recovered a $70 million dollar settlement, he said. The number was reduced to $4 million–but it still made him the richest man his prison, he said.
“In an opinion peppered with golf references and a quote from “Caddyshack” star Bill Murray, a federal magistrate has recommended the dismissal of a lawsuit brought by Rudolph Giuliani’s son over his booting from Duke University’s varsity golf team.” [The Smoking Gun, Althouse; earlier]
Yesterday the Manhattan Institute unveiled a new study by my colleague there, Senior Fellow Marie Gryphon, entitled “Greater Justice, Lower Cost: How a ‘Loser Pays’ Rule Would Improve the American Legal System” (podcast; Pajamas TV video). It’s got an introduction by former New York mayor Rudy Giuliani, whose endorsement of the idea all by itself counts as a welcome news story, I think. I was part of the panel discussion held to welcome the paper, along with Philip Howard of Common Good, Ted Frank of AEI (and this site), and NYU law professor Mark Geistfeld. Some coverage of and reactions to the study: ABA Journal, AmLaw Litigation Daily, Quin Hillyer @ Washington Examiner, Brooklyn Daily Eagle, Legal NewsLine, Jane Genova, and Jim Copland and Michael Krauss at Point of Law.