NY: “Appeal to end ‘LLC loophole’ is rejected”

Albany Times-Union:

In a four-to-one decision on Thursday, an appellate court in Albany upheld a lower court ruling dismissing a lawsuit to close the controversial “LLC loophole” that allows huge political giving in New York elections.

In the majority opinion, Presiding Justice Elizabeth Garry of the Third Judicial Department wrote that the petitioners in the case – New York University’s Brennan Center for Justice and six current or former political candidates – lacked standing to bring the lawsuit. In addition, she wrote that closing the “LLC loophole,” which allows each limited liability company owned by a person to give up to $150,000 annually in New York elections, was a matter for the Legislature, not the courts.

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