TITLE

Forget Albany. Try Washington

PUB. DATE
August 2005
SOURCE
Crain's New York Business;8/15/2005, Vol. 21 Issue 33, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that lawmakers prohibited a legal doctrine known as vicarious liability from being used against companies that rent cars and those that provide financing for New Yorkers who lease cars. It's a precedent that should lead New York business leaders to turn to Washington, rather than Albany, to fix inequities in the state's legal system. In recent years, lawyers for accident victims have been seeking big paydays by suing the companies that provide car leases. Trial lawyers also used vicarious liability theories to go after car rental firms for accidents caused by their customers. As the legal assault intensified, every state but New York capped the amount plaintiffs can win under vicarious liability in the cases of leasing companies.
ACCESSION #
18025026

 

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