March 18, 2016 •
NY Campaign Finance Lawsuit Dismissed
A lawsuit seeking to eliminate the “LLC loophole” for political contributions was dismissed this week. The loophole, which allows large contributions by organizations controlling many limited liability companies, treats each limited liability company as a separate entity capable of contributing the maximum amount an individual may give.
Gov. Cuomo and Assembly Democrats support closure of the loophole, and the decision is expected to be appealed to the Appellate Division of the Third Judicial District of New York.
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