Stay updated with breaking news from Impose Prejudgment Interest. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Passage of Illinois’s prejudgment statute, which imposes prejudgment interest in all actions brought to recover damages for personal injury or wrongful death, includes provisions for capping prejudgment interest in some settlements.
To embed, copy and paste the code into your website or blog: 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 the rate of 9 percent per year. (See Holland & Knight's previous alert, "Illinois Legislature Passes Bill to Impose Prejudgment Interest on Personal Injury Claims," Jan. 28, 2021.) In vetoing the measure on March 25, 2021, the governor expressed concern about the statute's potentially adverse impact on Illinois' h...