Long Term Care & Senior Living Blog
June 17, 2013
Update on Settlement Law in Illinois
Both Chambers of the Illinois legislature recently passed Senate Bill 1912 (Raoul, D-Chicago; Sims, D-Chicago) and transmitted the proposed law to the Governor, who has 60 days to take action. The proposed law would create strict requirements and harsh penalties for the failure of a settling party to timely effectuate settlement payment. The Bill would amend the Code of Civil Procedure and create new requirements for settlements in civil cases seeking money damages for personal injury, wrongful death, or any other civil remedy.