Louisiana’s business climate is litigious, to say the least. Or to be blunt, our state is extremely sue-happy. Louisiana currently ranks 49th in the nation by a recent national study for having a litigious climate to conduct business.
A judge on Tuesday ruled that Chevron Corp's chief executive must testify in the U.S. oil company's fraud case against Ecuadoreans seeking to collect on a $19 billion judgment against Chevron related to rainforest pollution.
Back in 2005, the General Assembly passed legislation capping medical malpractice awards. Before this, medical malpractice awards for “noneconomic damages,” such as “pain and suffering,” were capped at $579,000. The 2005 law lowered it to $350,000. The move was done to control the rising rates of medical malpractice insurance, which were driving up healthcare costs, and to reduce lawsuits, which were getting out-of-hand.
As Gov. Andrew Cuomo crosses the state touting the third on-time budget of his administration, New York’s municipalities and schools continue to struggle to make their own budgets work. One critical cost for our public institutions is the cost of lawsuits and litigation, recently reported by the Rockefeller College at the University of Albany to cost municipalities more than a billion a year.
Small business owners throughout New York State recently made their way to Albany. Chief among their concerns again this year pertained to overreaching regulations and paperwork mandates, which add to the overall cost of doing business.
We all know the type: the homeowners who run their lawn sprinklers during water shortages, the shoppers who fill their grocery carts with multiple units of items marked "one per customer," the party goers who pick all the cashews out of the bowl of mixed nuts.