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Trial Lawyers Outrageous Prejudgment Interest Legislation Passes the General Assembly!
Posted on: 3/26/2021
VETO

Yesterday Senate Bill 72 passed out of the Illinois Senate. With last week’s passage by the Illinois House, the bill will be sent next to Governor Pritzker’s desk. 

Contact Governor Pritzker and urge him to VETO the Trial Lawyers’ Exorbitant Prejudgment Interest Legislation – Senate Bill 72.

The Illinois Trial Lawyers’ Association introduced this new legislation as a tactic to circumvent the resounding criticism that was unleashed when House Bill 3360 passed the General Assembly in the middle of the night during a lame duck session.

Senate Bill 72 is slightly modified from House Bill 3360 on these two key provisions: Senate Bill 72 would provide that prejudgment interest begin to accrue on the date the action is filed (rather than the date the defendant has notice of the injury from the incident itself or a written notice). In addition, Senate Bill 72 would add interest to the amount of a judgment, calculated at the rate of 6% (rather than 9%).

In other words, Senate Bill still remains a severely flawed legislative proposal and the measure will inflict deep harm on the state’s already challenged medical climate.

Contact Governor Pritzker and NOW!

If you have questions, please contact ISMS Senior Vice President of Legislative Affairs Erin O'Brien by email



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