Business Group to Appeal Initiative Targeting CEOS

By: Associated Press Email
By: Associated Press Email

Denver (AP) A business group is appealing the language of a ballot initiative that would enable any Colorado resident to sue state executives who failed to stop corporate crimes.

The Denver Metro Chamber of Commerce says the initiative would hurt Colorado businesses and trigger baseless lawsuits. The proposal is being pushed by a labor and activist coalition called Protect Colorado's Future.

Proponents of the measure say it would hold top corporate officers accountable for their actions if they knew of a crime in their company and did nothing to stop it.

The Secretary Of State's office will hear the appeal on the language Wednesday afternoon. Backers of the measure will need to collect 77,000 signatures to get the initiative on the November ballot.

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