Illinois manufacturing group frustrated by law regarding pre-judgement interest

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A new Illinois law that allows for plaintiffs to collect pretrial interest on money awarded in some civil suits is causing concern among manufacturers and health care providers.

Governor J.B. Pritzker signed SB72 into law last week after vetoing a previous version in March. Pritzker said he did not support a previous version of the bill because its rate of 9% interest was significantly higher than other states. The new version puts the rate at 6%.

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