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A new Illinois law that allows for plaintiffs to collect pretrial interest on money awarded in some civil suits is causing concern among manufacturers and health care provider
(The Center Square) – A new Illinois law that allows for plaintiffs to collect pretrial interest on money awarded in some civil suits is causing concern among manufacturers and health care providers. Governor J.B. Pritz.
by Kevin Bessler, The Center Square | June 03, 2021 12:00 PM Print this article
A new Illinois law that allows for plaintiffs to collect pretrial interest on money awarded in some civil suits is causing concern among manufacturers and health care providers.
Governor J.B. Pritzker signed SB72 into law last week after vetoing a previous version in March. Pritzker said he did not support a previous version of the bill because its rate of 9% interest was significantly higher than other states. The new version puts the rate at 6%.
Prejudgment interest would not apply to state and local governments, school districts, community colleges and other government entities or consumer debt, nor would it apply to settlements.
The McDonough County Voice
Last week, more people in my small-town neighborhood knew about a huge tanker blocking the Suez Canal than realized that a local polling place was open for the day for early voting in next week’s consolidated election.
That’s typical of too many places that no longer have local newspapers with local news for local people.
However, an Illinois lawmaker is starting a process to address that, combining personal political priorities supporting jobs and good government with protecting the best means to inform the public and drawing on his professional background as a newsman.
State Sen. Steve Stadelman, a Rockford Democrat, in February introduced Senate Bill 134, the “Local Journalism Task Force,” and the Commerce Committee last week unanimously passed it, so it’s heading to the Senate floor for further consideration on April 13.