Nicholas Tam, Payne Tatich & Stephanie McDougall Discuss New York’s Newly Vetoed Wrongful Death Law in Law360 Article
While the New York Legislature passed a new version of the Grieving Families Act in June of last year, Gov. Kathy Hochul was quick to veto the revamped bill when it came across her desk late in the day on Dec. 29, 2023. In a recent Law360 article, Shaub Ahmuty Citrin & Spratt Partner Nicholas Tam, Of Counsel Payne Tatich, and Senior Associate Stephanie McDougall summarized the anticipated effects of the bill on the economy and court dockets had Hochul signed the controversial legislation into law.
According to the authors, if passed, the law would have likely faced legal challenges in courts across the state, “since New York businesses, local governments, insurance companies, individuals, and the judiciary would likely shoulder the burdens imposed by the legislation.”
Hochul vetoed the original bill in January 2023, and opponents of the legislation are relieved with this second round outcome.
In the Law360 article, the authors note numerous important economic and legal considerations related to the fate of the highly controversial law, including:
- Significant financial repercussions for businesses that could deter new companies from entering and remaining in the New York market
- Higher annual insurance premiums
- New burdens on hospitals and court systems
- Increased litigation costs
See the full Law360 article here.