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Southern New Jersey

Southern New Jersey

A study by the Eagleton Institute at Rutgers University prepared for the New Jersey Lawsuit Reform Alliance found that 40 percent of South Jersey businesses surveyed say they were threatened with litigation in the past five years, while statewide it was only 24 percent. A quarter of South Jersey businesses were actually sued during that period. So it’s no surprise that more than 4 out of 5 small-business owners statewide rate their Garden State’s legal climate as “fair” or “poor” and want the legislature to prioritize tort reform. A survey of CEOs from larger companies nationwide found the state to be the fourth worst in the Union for business. And yet another study, conducted by NERA Economic Consulting for the U.S. Institute for Legal Reform, found that New Jersey tort costs are 21.5 percent higher than they should be and could be reduced by nearly $2 billion through adopting the types of legal reforms enacted in other states.