From the U.S. Chamber Institute for Legal Reform…
Illinois’ reputation for lawsuit abuse hurts our jobs climate.
The last thing we need are measures in Springfield that would encourage trial lawyers to file more lawsuits.
So then why are our state legislators considering a law that would do just that?
This wrongheaded bill (S.B. 3322) would legimitize a new “lawsuit lending” industry in Illinois — creating new “lawsuit loan sharks” who loan money to help people file lawsuits.
More Illinois lawsuits? That’s the last thing we need.
This bill has passed the Senate and is pending in the State House: click here to email your state representatives today to oppose the “Lawsuit Loan Shark” bill.
A recent Harris survey of major employers found that Illinois has the sixth-worst lawsuit climate in America.
The majority of survey respondents also said a state’s lawsuit climate affects important decisions, such as where to locate or do business.
Right now, Illinois needs more jobs. We certainly don’t need more lawsuits.
Click here right now to help us stop the “Lawsuit Loan Shark” bill
Aside from encouraging more lawsuits in Illinois, this bill raises several additional questions:
- Are trial lawyers and plaintiffs making decisions about their lawsuits based on the interest of the law — or the interest of getting a return for their lawsuit lender?
- Is the bill aimed at actually helping injured parties — or creating more profits for trial lawyers and lawsuit lenders?
- Will this legislation encourage inflated lawsuit settlements?
So many ethical questions about a bill clearly designed to benefit trial lawyers and newly-created lawsuit lenders.
We need to make sure this bill gets stopped in the State House.
Remember: click here to email your state representatives today to tell them to say “NO” to the “Lawsuit Loan Shark” bill.
The Institute for Legal Reform is an advocacy group working to end lawsuit abuse. ILR is a national campaign of the U.S. Chamber of Commerce, with the critical mission of making America’s legal system simpler, faster, and fairer for everyone.