Tennessee Ranked #1 - Business Litigation Climate
Tortsprof Blog has been kind enough to let us know that Directorship has released its second annual Boardroom Guide to State Litigation Climates. According to the Guide:
Directorship’s Best and Worst States for Business
The 10 Best
1. Tennessee
2. Utah
3. Indiana
4. Ohio
5. North Dakota
6. North Carolina
7. Nebraska
8. Virginia
9. Michigan
10. South Dakota
Improving
1. Oklahoma
2. South Carolina
3. Mississippi
4. Louisiana
5. Tennessee
The 10 Worst
1. Illinois
2. West Virginia
3. Rhode Island
4. Pennsylvania
5. California
6. Florida
7. Montana
8. New York
9. Maryland
10. Alabama
Declining
1. Kansas
2. Washington
3. Colorado
4. Hawaii
5. Oregon
Here is what the magazine says about Tennessee: "Moving up from 11th place in last year’s rankings, Tennessee is now the top-ranked state. Pacific Research Institute’s 2008 report listed Tennessee as the state with the lowest litigation risks in the country. While the state’s liability climate encourages growth and job creation, it’s also a state to watch because its tort laws do not place limits on non-economic and punitive damages and there are some plaintiff-friendly venues in Tennessee. The state Supreme Court is considered neutral on liability issues."
