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December 30, 2014

LABI President Highlights 2014 Legal Reforms, ILR Recognition

In an op-ed recapping the business community’s 2014 accomplishments in Louisiana, Louisiana Association of Business & Industry (LABI) President Stephen Waguespack details the passage of key legal reforms in the state.

These include, he writes, “Act 796, which expressly prohibits the state’s use of contingency fee contracts, caps the rates that outside attorneys can be paid and establishes transparency in the process; Act 400, which strengthens legacy lawsuit reforms, discouraging frivolous claims, speeding up regulator cleanups prior to lengthy and costly litigation and creating a more predictable legal environment for all parties; and Act 544 which clarifies the governmental entities authorized to bring a lawsuit from activity regulated by state or federal coastal use permits.”

Continues Waguespack, “The U.S. Chamber’s Institute for Legal Reform (ILR) honored LABI and its coalition partners with its Outstanding Organization Award in recognition of its history of supporting legal reform and its successful efforts to pass important legislation during the 2014 session.”

Read the full piece here.

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