Source: In These Times magazine, 7/28 8/10/97, Letters Dept. Contact: These Times, 2040 N. Milwaukee Ave., Chicago, IL 60647 Ron Bigler's article on tort reform ("Punitive tort reform," June 30) over looked two big points. First, a $250,000 cap on punitive damages will keep cases of personal injury out of court. A lawyer's fee is 40 percent of this $250,000, from which he must pay all expenses and employ highpriced expert witnesses. Second, tort reform effectively deregulates corporations, freeing them to cut any corners and to take any risks in their quest for greater profits. Here's a case in point. In 1993, the Food and Drug Administration's panel on overthecounter drugs found that acetaminophen taken with alcohol caused liver disease, even when taken in recommended dosages The FDA instructed manufacturers to put a warning label on their products. McNeil Laboratories, the makers of Tylenol, have a 30 percent share of the overthecounter pain reliever market with their acetaminophen product. Here in California in 1996, they finally complied with the FDA directive and put a warning label on their products. When the state legislature passed a product liability law that put a cap on damages, McNeil Laboratories took the warning labels off. Corporations can't be trusted to do the right thing. If you'd like to know the dangers of acetaminophen, ask the American Liver Foundation for a copy of the clinical review, "Acetaminophen, a failed treatment." Torn Freeman Colton, Calif.