Missouri: 44th for Business But Looking Up
Legal reform advocates in Missouri’s legislature have momentum on their side in 2020, writes ILR President Harold Kim in The Kansas City Star. Last year Missouri achieved a series of reforms that saw the state’s lawsuit climate ranking rise from 49 to 44 in ILR’s biennial survey of in-house general counsel, senior attorneys, and other senior executives.
This year, legislators have an opportunity to capitalize on that momentum by reforming punitive damages, a practice that can lead to “business-crippling verdicts.” Kim also urges Missouri legislators to consider reforms to the Missouri Merchandising Practices Act, which currently allows plaintiffs’ lawyers to file consumer class action cases considered ridiculous elsewhere in the country, like this 2017 lawsuit against Hershey over the amount of air in candy boxes. According to Kim, achieving these and other reforms is key to unlocking increased business confidence and investment in the state.