Illinois Attorney Summarizes Senate Bill Allowing Pre-Judgment Interest
On March 25, the Illinois State Senate approved Bill 0072, which allows plaintiffs in personal injury and wrongful death actions that go to verdict in Illinois to collect pre-judgment interest at a rate of 6% per annum. Chicago attorney Phillip G. Litchfield explains how this Bill will significantly change a plaintiff’s approach to litigation in personal injury and wrongful death actions when assessing settlement valuations moving forward.
In his Litchfield Alert, “State of Illinois to Allow Collection of Pre-Judgment Interest in Personal Injury and Wrongful Death Actions,” Phil describes the ins-and-outs of the Bill, including examples of how the Bill will function, who is exempt and the status of the current version of the Bill.
Phil concentrates his defense litigation practice defense litigation practice on construction negligence, personal injury, toxic tort and wrongful death claims. He also concentrates on corporate defense, professional liability and medical malpractice. Phil defends insureds, contractors and tradesmen as well as manufacturers and distributors in actions alleging injuries or property damage. Phil’s representative experience includes defective products, construction defects, motor vehicle accidents and other casualties. Phil litigates throughout Illinois and Indiana, in state and federal courts.
To read Phil’s full Alert, please click here.