NVLA JOINS COALITION TO FIGHT LVL

Written by Corey A. Tavel | Vehicle Leasing Today | Winter 2003.

Lessor vicarious liability is one of the most pressing issues facing leasing companies doing business in those states with unlimited lessor vicarious liability (New York, Rhode Island, Connecticut, Maine and Washington, D.C.). The recent 28 million dollar verdict against Chase in Rhode Island resulted in favorable press for the leasing industry,including an article in Forbes Magazine (10/28/02), which presented the issue in the most favorable light to leasing companies.

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