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MO SB846

Bill

Status

Introduced

2/10/2014

Primary Sponsor

Ronald Richard

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Establishes a tiered cap on attorney contingency fees in damage actions: 33% of the first $50,000, 25% of the next $50,000, 15% of the next $500,000, and 10% of amounts exceeding $600,000, with a maximum aggregate cap of 33% of total damages.

  • Modifies comparative fault rules requiring defendants bearing 51% or more of fault to be jointly and severally liable for the full judgment, while those bearing less than 51% are only liable for their proportionate share.

  • Prohibits parties from disclosing the impact of comparative fault modifications to the jury in tort actions.

  • Creates exceptions to proportionate liability for employees of a party and for liability arising under the federal Employers' Liability Act.

  • Submitted to Missouri voters as a referendum measure for approval on the November 2014 general election ballot.

Legislative Description

Provides that an attorney shall not collect a contingency of more than a specified percentage of damages

Last Action

S Informal Calendar S Bills for Perfection--SB 846-Richard

5/16/2014

Committee Referrals

Small Business, Insurance And Industry2/27/2014

Full Bill Text

No bill text available