"The City's courts are a playground for fraudsters and opportunistic trial lawyers, while honest New Yorkers foot the bill," said ATRA President Tiger Joyce.
"The state's liability environment and lawsuit-friendly policies drive up costs and are a major factor driving businesses and residents to greener pastures in other states," said Ashley Ranslow, the New York State director for the small business advocacy group National Federation of Independent Business.
ATRA points to several key policies it says are especially responsible for driving up costs - including the state's scaffold law, which holds construction companies entirely liable for injuries on work sites, even if an employee was negligent.
Critics say the law has been weaponized by dubious litigation lenders who front costs for plaintiffs - sucking millions of dollars out of the system and further exacerbating the problem.
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