Employers won a victory over trial attorneys as the Missouri General Assembly voted to override Gov. Nixon’s veto of House Bill 650 on Wednesday.
One of the key benefits of House Bill 650 for Missouri employers is a provision that would provide successor liability tort reform by capping punitive damages that can be assessed against employers from actions of previous business owners.
“This provision is aimed at providing common-sense protections for employers in particular the mining industry, which provides thousands of Missouri jobs and significant revenue to our state,” said Daniel P. Mehan, Missouri Chamber president and CEO. “Lawmakers showed Missouri employers that they believe that jobs are more important than trial attorneys’ profits. We are grateful for this vote.”
The legislation was critical for the Doe Run Company, the largest lead producer in the Western Hemisphere, which is based in St. Louis and operates a large mine in St. Francois County.
The Missouri Chamber of Commerce and Industry (www.mochamber.com) was founded in 1923 and is the largest business organization in Missouri, representing almost 3,000 employers, providing more than 425,000 jobs for Missourians.