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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.

Source: http://www.bizjournals.com/phoenix/news/2014/01/10/investors-lawyers-ready-for-battle.html?page=all

Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo TwitterMarc Primo MantaMarc Primo FacebookMarc Primo Squarespace, Marc Primo Pulisci Dot Com,   Marc Primo Dot Com Marc Primo Blog Marc Primo Pulisci BlogMarc Primo TumblrMarc Primo Pulisci TumblMarc Primo Myspace