Illinois Passes Law Granting Plaintiffs Prejudgment Interest in Personal Injury and Wrongful Death Actions
By EsqSocial Corporation 03/06/21
On May 28, Governor Pritzker signed SB72, which amends the Illinois Interest on Judgment statute (735 ILCS 5/2-1303) (the “Act”). The Act grants prejudgment interest for economic and non-economic damages accruing at a rate of 6% per annum to a plaintiff in a personal injury or wrongful death action. The Act applies to an award of damages (exclusive of punitive damages, sanctions, and statutory attorney’s fees and costs) from the date suit is filed until the date until judgment is rendered (with...
By: Clark Hill PLC