Hold on to your pocketbooks if interest goes up on civil lawsuits
AP Photos The cost of doing business and owning a home or car in Illinois could increase soon if a last-minute amendment from January’s lame-duck session is signed into law. House Bill 3360 was set to die, but at the 11th hour, Senate President Don Harmon of Oak Park introduced a loaded amendment that will drastically alter civil lawsuits. It passed the House a few days later on January 13 around 3 a.m. and is now before Gov. J.B. Pritzker for his review. Opinion Excessive litigation already costs Illinois businesses more than $18.9 billion annually. At a personal level, that comes out to...