NC Chamber President and CEO Gary J. Salamido issued the following statement regarding House Bill 315: Prohibit Litigation Invest/Amend WC Benefits, which received final approval from the North Carolina General Assembly today and now heads to the Governor’s desk. The Chamber-backed bill would ban Third Party Litigation Investment in North Carolina.

“Today, the North Carolina General Assembly made clear that our civil justice system should serve the pursuit of justice, not function as a marketplace for outside investors. By advancing House Bill 315 to ban Third-Party Litigation Investment in the state, lawmakers have taken a landmark step to protect the integrity of our legal system, reduce opportunities for legal system abuse, strengthen North Carolina’s legal and business climate, and continue to retain and grow jobs. 

The NC Chamber thanks legislative leaders, particularly Senator Buck Newton and Representative Sarah Stevens, for their work advancing this important legislation and their continued commitment to strengthening North Carolina’s competitiveness. As House Bill 315 heads to the Governor’s desk, we appreciate his attention to this measure to strengthen North Carolina’s civil justice system and preserve the legal certainty that supports economic growth and investment across our state. 

If signed into law, North Carolina would lead the nation as the first state to prohibit Third-Party Litigation Investment, further solidifying its status as a top state in which to live and work.”

Read more about the importance of this legislation here.