Trial Court in Cook County Rules Prejudgment Interest Statute Unconstitutional

On June 14, 2022, Tom Patterson and three panelists discussed “How to Minimize Business Risk and Maximize Rewards” at the General Counsel Midwest “SuperConference.” On the panel were Tamela Merriweather, Senior Vice President, Assistant General Counsel at Northern Trust; Andre Frieden, Deputy General Counsel at Capgemini, and Kelly Daley, Managing Director at Burford Capital. Cook County Circuit Court Judge Marcia Maras ruled that a law signed in 2021 is unconstitutional.

“It was a very stimulating discussion,” said Patterson, “Tamela discussed her recommendations, aided as she was from experience obtained during the 2009 recession; Andre discussed the Ukraine crisis and how that impacted Capgemini’s management of global risks; and Kelly discussed how litigation funding could minimize costs to legal departments while providing the funding necessary to bring claims that could generate substantial revenue. I mentioned types of claims that shouldn’t be overlooked by in-house legal departments.”

The conference is one of the premier conferences of its type. “I attended last year and found it worthwhile,” said Patterson, “so I was pleased to be on a panel this year. A lot of very competent and hard-working GCs attended, and they were generous in sharing their expertise.” Cook County Circuit Court Judge Marcia Maras ruled that the prejudgment interest law signed in 2021 is unconstitutional. Contact us today! For information about this, contact Thomas E. Patterson at tpatterson@pattersonlawfirm.com.

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