Albany Times Union – Letter: Fix New York’s Overly Litigious Tendencies
This week, the Albany Times Union published a letter to the editor written by LRANY’s Adam Morey. The letter brings focus to New York’s high risk of litigation and trial lawyer influence as the cause of the anti-business culture.
“Howard Zemsky’s claim that New York’s anti-business stigma is “now a vestige of the past” (“Good time for business in New York,” July 12) completely misses the mark.
While the administration has aggressively pursued a number of tax incentives and economic development initiatives, the reality is that New York will never be business-friendly until it shakes its standing as the lawsuit capital of the world. According to a recent study conducted by the U.S. Chamber of Commerce, companies are more likely to get sued in New York than anywhere else in the nation.
The primary reason for this heightened risk of litigation is the outsized influence of the trial lawyer’s agenda in Albany.”