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Wilson Elser has reported extensively on the passage of the Illinois prejudgment interest statute, 735 ILCS 5/2-1303(c).*
On Friday, June 9, 2023, the Illinois Appellate Court for the First Judicial District, Fifth Division, filed its opinion in Cotton v. Coccaro, et al., 2021 IL App (1st) 22078, upholding the constitutionality of the Illinois Prejudgment Interest Act, 735 ILCS 5/2-1303.
Where a jury awarded a plaintiff $20 million in damages in a patent infringement action, an enhanced damages award is not warranted, as the plaintiff has not demonstrated egregious infringement behavior on the part of the defendant, but the defendant should be granted prejudgment interest and a permanent injunction. “Rasmussen has moved post-trial for an
Ruling sets up additional payment of millions
Ruling sets up further payment of millions