NJLRA supports A-265, which would create a business court

To: Members of the Assembly Judiciary Committee CC: The Honorable David Russo From: Marcus Rayner, Executive Director, New Jersey Lawsuit Reform Alliance Date: January 5, 2012 RE: NJLRA supports A-265, which would create a business court The New Jersey Lawsuit Reform Alliance (NJLRA) is a statewide, bipartisan coalition of the state’s largest employers, small businesses, and trade associations. We are writing on behalf of our members to express our support for A-265,sponsored by Assemblyman David Russo. If enacted, this legislation would create aspecialized business court within the New Jersey Superior Court.Legal issues involving businesses are increasingly complex, laden with terminology andevidence which is unfamiliar to the common court. Highly technical matters areidentified and addressed at great cost to both businesses and taxpayers alike. NJLRAsupports A-265 because it would permit narrow business-related judicial matters to beheard by courts with an established background and knowledge of business litigation.Such a court would function in the model of specialized tax courts, which New Jersey haspreviously adopted, and would bring New Jersey in step with other northeastern states.With an unemployment rate in excess of 9 percent – the highest in the region – thecreation of a business court serves as an incentive for leading employers to increase theirbusiness presence in New Jersey. The highly specialized industries, including the lifesciences, which are affected by this legislation have the potential to create long-term,high paying jobs that will be essential to growing our state’s economy over the nextseveral years.NJLRA agrees that the quality and consistency of decision-making in the business andcommercial disputes needs to be improved in order to enhance fairness for all parties andmake New Jersey a more attractive place for businesses to locate and expand.Specialized corporate matters are best heard by specialized business courts, which willreduce the amount of time and resources expended by all parties without compromisingfairness.NJLRA and its members urge the committee to consider the positive impact enacting A-265 will have on New Jersey’s private sector economy and efficiency it offers to thejudiciary. We look forward to your support in advancing this measure. 128 West State Street | Floor 3 | Trenton, NJ 08608 P| 609-392-6557 F|609-392-6552 http://www.njlra.org

NJLRA supports A-265, which would create a business court

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NJLRA supports A-265, which would create a business court — Document Transcript