Illinois Governor Signs SB0072, Amending 735 ILCS 5/2-1301 Providing For Prejudgment Interest To Personal Injury Plaintiffs
On May 28, Illinois Governor J.B. Pritzker signed SB 0072 into law. This provision amends 735 ILCS 5/2-3103 and provides for prejudgment interest of 6% for personal injury cases. Interest runs from the date the complaint is filed. Accrual of interest is tolled if a case is voluntarily dismissed. This legislation serves to impose interest […]
Prejudgment Interest Legislative Developments in Illinois: The Prejudgment Interest Ball is Back in Governor Pritzker’s Court
On March 25, 2021, Illinois Governor Pritzker vetoed House Bill 3360 (H.B. 3360) regarding prejudgment interest on personal injury and wrongful death cases. The Legislature, however, was quick to amend and pass another iteration of the bill, Senate Bill 72 (S.B. 72), which they sent to Governor Pritzker on April 1, 2021. ( S.B. 72 can […]
Illinois Governor Vetoes Initial Bill Providing for Pre-Judgment Interest to Personal Injury Plaintiffs; Revised Legislation is Pending
On March 25, 2021, Illinois Governor J.B. Pritzker vetoed HB3360, which sought to expand the time frame for pre-judgment interest to plaintiffs in personal injury cases. That bill provided for 9% annual pre-judgment interest on all personal injury and wrongful death claims arising from negligence, willful and wanton misconduct, or intentional misconduct. The bill also […]
Illinois HB 3360 Would Increase Pre-Judgment Interest to Personal Injury Plaintiffs
Eight weeks have passed since the Illinois Legislature passed HB 3360, and Governor J.B. Pritzker still hasn’t signed it into law. The Legislation HB 3360 expands and extends the timeframe for allowing pre-judgment interest to plaintiffs in personal injury cases. Under this bill, prejudgment interest begins to accrue the date an alleged tortfeasor has notice […]