My Business Has Been Sued, Now What?
If you are a business owner, you probably have been sued, threatened with a lawsuit or fretted over the potential for a lawsuit. In our increasing litigious environment, it is not a matter of if you will be sued; it is a matter of when. For the fiscal year 2011, there were nearly 300,000 civil lawsuits filed in federal district courts in the United States. For the fiscal year 2010-2011, there were over 125,000 lawsuits filed in the chancery and circuit courts in Tennessee. This is the latest data as the statistics for the fiscal year 2011-2012 have not yet been released. Also, this data does not include the thousands of suits filed in the general sessions (small claims) courts in Tennessee each year. Many businesses often find themselves mired in collection disputes with customers, contract clashes with vendors, and employment quarrels with current or former employees. While these are […]Continue Reading