Bill > HB1744

This bill amends Section 33.002 of the Texas Civil Practice and Remedies Code by adding a new exception to the proportionate responsibility chapter. Specifically, the bill excludes claims for controlling person or aider liability under Section 4008.055 of the Texas Government Code from the proportionate responsibility framework. In plain language, this means that in certain legal cases involving securities law, a person who is considered a "controlling person" or a "material aider" in a securities-related dispute cannot use the proportionate responsibility defense to limit their liability. The existing law already has several exceptions to proportionate responsibility, such as workers' compensation claims and claims for exemplary damages, and this bill adds another specific exception related to securities law. The bill will take effect on September 1, 2025, giving legal professionals and potential litigants advance notice of the change in the law.

Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1744