How do yall feel about litigation

I’ve read some papers on the idea but curious to see your opinions on how litigation benefits a free market economy- for example if someone is hurt by a product intentionally mislabeled. If one can sue to ensure proper warnings it would set a legal precedent effectively creating legal regulations. There’s risks of exploiting litigation in one hand and of irresponsible actors not being held responsible for damages on the other. I’m curious your thoughts