Illinois Manufacturers' Association
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Pritzker signs law allowing prejudgment interest in personal injury cases; Biz groups warn of big costs
"You know it's a bad idea when they try & hide their actions," said Mark Denzler, president of the Illinois Manufacturers Association, about the signing of the law in the closing hours of business before holiday weekend. The law will allow trial lawyers to tack 9% interest on judgments, calculated from the moment a lawsuit was filed. -
IL lawmakers OK revised law allowing prejudgment interest in personal injury cases; Biz groups still fear huge costs
The measure establishes 6% prejudgment interest in personal injury lawsuits, and was still opposed by Illinois doctors, manufacturers and others who fear it will hammer businesses with inflated costs from lawsuits.