The Brennan Center, alongside a coalition of law firms, state lawmakers and others on Tuesday announced they had filed a suit against the Board of Elections to end the practice of a network
of limited liability companies contributing endless cash to political candidates.
Not exact matches
Squadron has a bill that would close the loophole, which allows individuals to
contribute virtually unlimited amounts
of money to a campaign by funneling it through a
limited liability company.
An anonymous
limited -
liability company backed by wealthy homeowners who take helicopters to and from East Hampton has
contributed half
of all money raised by Republicans in their bid to gain control
of Town Hall.
Lawmakers later today will consider a bill that would close the so - called LLC loophole, a provision in the state's campaign finance regulations that allows single donors to
contribute well above the legal
limit to campaigns and political causes through a web
of limited liability companies.
Litwin has used 27 different
Limited Liability Companies controlled by Glenwood Management to
contribute at least $ 4.3 million to political committees in New York since the beginning
of 2013.
During the last election cycle,
limited liability companies controlled by the
company and its founder, Leonard Litwin, gave $ 3.6 million to state - level candidates and parties, more than any other donor and an amount equal to 1.4 percent
of all the money
contributed to these committees.
At the same time, Columbia and
limited -
liability companies connected to it have
contributed generously to a slew
of political leaders from former Albany Mayor Jerry Jennings and Albany County Executive Daniel McCoy, to Gov. Andrew Cuomo.
If the Uber driver did not
contribute to the accident and the
company paid the
limits of its
liability policy, the injured party will most likely be unable to file a claim against Uber for compensation above and beyond this amount.
The
liability of the
company's members is
limited to the amount the members undertake to
contribute to the property
of the
company if it is wound up.