Wrong wrong wrong. Because we've already been through this stuff, multiple times, if you bothered to look it up. First thing, the company's lawyers fight that the laws don't even cover whatever it is the plaintiffs blame them of. Then they fight to prevent any lawsuit from being a class action, so that every plaintiff has to go through the financial burdens of the lawsuit on their own, pay for their own discovery, etc. THEN while all that's going on, the company starts PR campaigns to get any prospective jury pool on their side before a trial can even happen, if they can't defend their product then they tear down the plaintiff. By the time a case ever gets before a jury, the odds are the plaintiff has already died, if not then the case is so tainted it's a miracle that it continues and even more miraculous if the plaintiff wins.
It took more than 50 years and hundreds of attempts to nail the tobacco companies, and they're still in business. Tell me more fairy tales about how lawsuits are better than regulation.