NEW YORK – State Senators Daniel Squadron and Liz Krueger and Assemblymember Brian Kavanagh, litigants in the Brennan Center for Justice’s lawsuit to close the LLC Loophole, released the following statement in response to the State Supreme Court’s ruling:

“The LLC Loophole has repeatedly been at the center of some of Albany’s biggest scandals. It’s clear the Loophole contravenes New York’s campaign finance laws. And it’s clear it was wrongly created by the Board of Elections’ 1996 ruling.

While we are disappointed in the Court’s decision, it continues to be critical that closing the Loophole be a central part of the Albany agenda. We will continue to pursue legal and legislative avenues to close the Loophole, and stop the unfettered, anonymous corporate dollars it funnels into our political process, once and for all.”