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House adopts substitute changing prejudgment-interest rules in personal-injury cases
Summary
After extended debate, the House approved a fourth substitute to Senate Bill 69 that narrows prejudgment-interest calculations (prime plus two, floor 5% cap 10%) and requires a plaintiff offer (within 1 1/3 of final settlement in certain tier-1 claims) to qualify for prejudgment interest; supporters called it a negotiated compromise and critics said it may burden injured plaintiffs.
The Utah House voted on March 11 to approve a forced substitute of Senate Bill 69, a bill revising prejudgment-interest rules in personal-injury litigation. Sponsors described three central features: (1) an "offer-of-judgment" requirement for some tier-1 claims (plaintiffs must make an offer within one and one-third of the final settlement amount to be eligible for prejudgment interest); (2) a new method to compute prejudgment interest tied to the prime rate ("two points above prime") with…
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