News & Analysis as of

Prejudgment Interest Bodily Injury

Kennedys

The Illinois Prejudgment Interest Statute is called into question

Kennedys on

In 2021, Governor Pritzker signed into law SB 0072, which represented an amendment to the Illinois Prejudgment Interest Statute, 735 ILCS 5/2-1303. The relevant part of the Amendment provides, “In all actions brought to...more

Amundsen Davis LLC

Illinois Pre-Judgment Interest Statute Declared Unconstitutional

Amundsen Davis LLC on

On May 27, 2022, Judge Marcia Maras in the Circuit Court of Cook County issued a memorandum, holding Illinois’s recently enacted prejudgment interest statute unconstitutional, and holding that the legislation violated both...more

Husch Blackwell LLP

Illinois Governor Signs Law Imposing Six-Percent Prejudgment Interest

Husch Blackwell LLP on

Illinois Governor Pritzker signed into law Senate Bill 72 (SB 72), which includes prejudgment interest and amends the Illinois Interest on Judgment Act 735 ILCS 2-1303 (Act). The amendment imposes six-percent prejudgment...more

Faegre Drinker Biddle & Reath LLP

The Additional Cost of an Adverse Judgment: Illinois’ New Prejudgment Interest Act

For many years, Illinois plaintiffs in personal injury and wrongful death actions have been entitled to statutory postjudgment interest, currently at a rate of 9% per year. (735 ILCS 5/2-1303(a)). Prejudgment interest,...more

Hinshaw & Culbertson LLP

Illinois Civil Procedure Amendment Imposes 6% Prejudgment Interest in Personal Injury and Wrongful Death Actions

On May 28, 2021, Illinois Governor J.B. Pritzker signed an amendment to the Illinois Code of Civil Procedure, 735 ILCS 5/2-1303, that applies a 6% prejudgment interest rate on all damages awarded in personal injury and...more

Holland & Knight LLP

Prejudgment Interest on Personal Injury Claims Becomes Law in Illinois

Holland & Knight LLP on

Illinois Gov. JB Pritzker has signed Senate Bill 72 (Prejudgment Interest Act) into law, which provides for prejudgment interest on all damages rendered in personal injury and wrongful death claims at the rate of 6 percent...more

Amundsen Davis LLC

Pre-Judgment Interest Law Takes Effect July 1, 2021

Amundsen Davis LLC on

Just ahead of the long Memorial Day weekend, Illinois Governor Pritzker signed into law a bill that allows a plaintiff to recover 6% per annum prejudgment interest in any personal injury or wrongful death lawsuit pending or...more

Holland & Knight LLP

Illinois Legislature Submits Revised and Amended Prejudgment Interest Bill

Holland & Knight LLP on

Illinois Gov. JB Pritzker has vetoed Illinois House Bill 3360, which sought to amend the state's judgment interest statute to add prejudgment interest on all damages rendered in personal injury and wrongful death claims at...more

Amundsen Davis LLC

UPDATE: Prejudgment Interest Could Impact Personal Injury And Wrongful Death Actions In Illinois

Amundsen Davis LLC on

On January 13, 2021, the Illinois Legislature passed House Bill 3360, which tentatively added prejudgment interest on all personal injury and wrongful death claims. Since then, the bill has been awaiting the signature or veto...more

Holland & Knight LLP

Illinois Legislature Passes Bill to Impose Prejudgment Interest on Personal Injury Claims

Holland & Knight LLP on

The Illinois Legislature passed House Bill 3360 on Jan. 13, 2021, to amend the state's judgment interest statute and add prejudgment interest on all personal injury and wrongful death claims decided in favor of the plaintiff....more

Amundsen Davis LLC

New House Bill Could Impact Personal Injury And Wrongful Death Actions In Illinois

Amundsen Davis LLC on

On January 13, 2021, the Illinois Legislature passed House Bill 3360. Although the original purpose of the bill was to amend a statute relating to mortgage foreclosures and abandoned property, an amendment was added on...more

11 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide