Following the recent decision in the Philip Morris light cigarettes case, the Illinois Supreme Court Rules Committee will hold public hearings to consider whether to change the rules for appeal bonds. ("Dramatic change urged for appeal bond rule," Chicago Daily Law Bulletin, by John Flynn Rooney).
A proposal under consideration would cap appeal bonds at $100 million in class actions or cases awarding punitive damages. According to the Rooney article, "A group of four tobacco companies, five state business organizations, the U.S. Chamber of Commerce and major Illinois corporations support the proposal submitted to the Supreme Court in May."
The hearing will take place in Chicago on January 26.