President and CEO Mark Cissell Testifies on a Panel with the Maryland Tort Reform Coalition

In Week 5 of the 2015 Maryland General Assembly, the MACPA testified in support of appeal (supersedeas) bonds (HB 164) before the House Judiciary Committee.  MACPA member Mark Cissell, president and CEO of Maryland CPA firm KatzAbosch (pictured on the right with Tom Hood), took time out of his busy schedule to testify on a panel with the Maryland Tort Reform Coalition in support of this important legislation.

This bill is important to CPAs and small businesses as it fixes a technicality in Maryland tort law that requires a defendant to post an appeal bond equal to the judgment in order to get access to an appeal. This effectively denies access to justice for CPA firms and small businesses that lack the asset base and / or credit facilities to get appeal bonds. The proposed law would impose an appeal bond cap of $50 million and $1 million for small businesses under the federal definition of small businesses.

Reposted from the MACPA Newsletter Legislative/Regulatory section on February 20, 2015. Original author: Tom Hood, MACPA

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