A Stimulus Bill For Trial Lawyers?
February 23, 2009
Travis Akin has a piece in the Madison County (IL) Record on a bill recently introduced in the Illinois Senate that “requires defendants in civil lawsuits to pay prejudgment interest on damage awards, and the clock starts ticking the moment the claim is filed.” Since it can easily take years between the day a lawsuit is filed and when the case actually comes to trial, corporate defendants could face huge new interest payments lumped on to any judgment.
The goal here is to raise the stakes for defendants who refuse to pay off trial lawyers to make them go away. As Akin points out:
“The intention behind the bill is to intimidate and force defendants into an early settlement long before the facts of the case are fully known.”
More settlements mean more easy $$ for Trial Lawyers, Inc. Can anyone think of an industry less deserving of any economic stimulus?
Posted by Dan Pero in the categories: Illinois, Tort Reform, Trial Lawyers
One Response to “A Stimulus Bill For Trial Lawyers?”
[...] have to ask: what do the lawyers think they’re getting for all this money? Take a look at my post earlier in the week for a partial [...]