Y2K Liability: SB 80 (1999)
Provides immunity for businesses and government agencies who follow specified
Provides immunity for businesses and government agencies who follow specified procedures; provides exclusive remedy in contract, if no written contract: limits recovery to direct economic damages; bars recovery for damages which plaintiff could have avoided or mitigated; requires mediation; prohibits class actions against government agencies; requires each class member has a loss of $50,000 to bring a class action; provides liability protection for directors and officers; and requires filing of suit by March 1, 2002.
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This isn’t just about legal technicalities; it’s about New Yorkers’ livelihoods and ability to make ends meet.
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