A legal challenge to new reporting requirements for small business owners, potentially costing them $73.1 billion over a decade, has begun with a request for preliminary injunction in a federal courtroom in Texas.
The National Federation of Independent Business, in a hearing, is seeking to stop the reporting requirements in the Corporate Transparency Act from implementation on Jan. 1.
Read More
The South Carolina Senate did not pass a measure aimed at stemming lawsuit abuse, likely killing the push for the legislative session.
Senate Bill 533, the South Carolina Justice Act, would have amended the South Carolina Contribution Among Tortfeasors Act and moved the state toward a model in which a defendant is financially liable based on their percentage of fault. Proponents say this would reduce excessive damage awards in civil cases.
Read More