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Tech Industry

Short: Companies may leave California if Prop. 211 passes

Nearly half, 47 percent, of the high-tech companies would consider leaving California if Proposition 211 passes, according to a survey by the American Electronics Association. About half said "frivolous lawsuits" hinder their growth and make them less competitive. Proposition 211 would make it easier for consumers to file lawsuits over providing allegedly misleading information about their financials. A full 98 percent of companies surveyed said that Proposition 211 could make it more difficult to attract the best candidates for management positions. If the companies carried through their threat, the American Electronics Association said that 61,000 jobs in the state could be lost.

Nearly half, 47 percent, of the high-tech companies would consider leaving California if Proposition 211 passes, according to a survey by the American Electronics Association. About half said "frivolous lawsuits" hinder their growth and make them less competitive. Proposition 211 would make it easier for consumers to file lawsuits over providing allegedly misleading information about their financials. A full 98 percent of companies surveyed said that Proposition 211 could make it more difficult to attract the best candidates for management positions. If the companies carried through their threat, the American Electronics Association said that 61,000 jobs in the state could be lost.