NJ legal climate dropping like a stone! Patronage vs Business.
From Fox Business:
The U.S. Chamber Institute for Legal Reform (ILR) today announced that New Jersey's legal climate has dropped nine spots to number 35 in Lawsuit Climate 2008: Ranking the States, an annual assessment of state liability systems conducted by Harris Interactive, a leading national market research firm.
"New Jersey's legal system is headed in the wrong direction," said Tom Donohue, president and CEO of the U.S. Chamber of Commerce, "largely as a result of the plaintiff-friendly bias in a handful of trial courts, particularly in lawsuits aimed at pharmaceutical manufacturers."
It is somewhat amazing that New Jersey is trending anti-business in every possible category. Additional taxes, piling on for insurance, family leave and now a poor legal climate. And worse yet, the negative legal climate is directed the way of one of the last remaining industries still in the state, Pharmaceuticals. But is it fair?
New Jersey has also gained a reputation for allowing "junk science" to be admitted into the courtroom, dropping from a rank 13th to 35th in the handling of technical and scientific evidence.
Does anything not think that these legal issues are not the result of political patronage?
Read the entire article here.
Labels: New Jersey Reputation, NJ Business
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