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."