Below is the first part of an article by Mike Sunnucks from Bizjournal.com It reads…
Despite Arizona’s history of large real estate and investment fraud cases — including Charles Keating’s Lincoln Savings & Loan, Mortgages Ltd. and the Baptist Foundation of Arizona — business and conservative groups supported new rules last year making it harder for investors to file class actions.
They could make another push this year when the Arizona Legislature goes back into session, citing concerns about frivolous lawsuits hurting the state’s economic climate.
“The chamber is always prepared to take a lead on advancing tort reform legislation to ensure that Arizona has a legal environment friendly to business,” saidGarrick Taylor, senior vice president of theArizona Chamber of Commerce & Industry.
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