CHICAGO (CBS) — Business groups said Friday the business climate in Illinois is among the worst in the U.S., making it much less attractive to companies that might want to move here or stay here.
Lisa Rickard, president of the U.S. Chamber of Commerce’s Institute for Legal Reform, said Illinois ranks 48th out of 50 states for its lawsuit climate for businesses. She said the system seems to favor people suing companies for things such as asbestos.READ MORE: Chicago Police Union President Urges Aldermen To Repeal Mayor's Vaccine Mandate For City Workers; 'This Tyrant At The Top Needs To Stop What She’s Doing'
“Court rules allow for large numbers of cases to be brought to trial simultaneously, making it virtually impossible for a defendant to present an adequate defense,” she said.
U.S. Chamber of Commerce Chairman Michael Ducker, who is also president and CEO of FedEx Freight, said the number of lawsuits in the courts can discourage businesses from locating in Illinois.
“Business people really want to focus on where we can expand, and create new jobs for Americans, and open new markets for U.S. businesses. It’s not productive to spend time fighting lawsuits and increased regulations,” he said.READ MORE: Chicago Group Engages In 'Mobilizations' After Food Delivery Drivers Are Carjacked In Austin