Commentary: Gov. Pritzker has chance to go big on lawsuit reform by vetoing bill on legal funding – Chicago Tribune*

"Senate Bill 1099, now at Pritzker’s desk, attempts to regulate what is known as third-party litigation financing. It has become a lucrative cottage industry in the litigation world in which strangers to the litigation offer loans to people who file lawsuits seeking settlements. As defendants’ cases wind through the court system and sometimes take years to resolve, these third-party funders approach them with an offer of a loan. There’s a catch, though: high interest rates."

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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