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
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
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
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
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
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
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
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
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
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
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