Illinois

Sorry, but there are no more tags available to filter with.
Recent Posts

Directors, Officers Rely On Business Judgment Rule Against Shareholder Complaint
Posted on 22 Apr 2013 by Mealeys

CHICAGO - Directors and officers of a company claimed in an Illinois federal court on April 19 that they are protected from a shareholder's allegations under the business judgment rule (Frank Jeffers v. Retail Properties of America, Inc., et al.,... Read More

Peregrine Trustee Seeks To Compel Financial Adviser To Produce Documents
Posted on 28 Mar 2013 by Mealeys

CHICAGO - The trustee in the Chapter 7 bankruptcy of Peregrine Financial Group Inc. on March 25 moved in the U.S. Bankruptcy Court for the Northern District of Illinois to compel Halyard Capital Advisors LLC to produce documents pursuant to a subpoena... Read More

Debt Collection Action Moved From Colorado Federal Court To Illinois Federal Court
Posted on 24 Apr 2012 by Mealeys

DENVER - A federal judge in Colorado on April 23 granted the defendants' motion to transfer to a district court in Illinois a suit filed against them by a bank attempting to recover amounts owed on a promissory note, loan agreement and two commercial... Read More

Mealey's Bankruptcy Bulletin: U.S. Supreme Court Agrees to Hear "Defalcation" Bankruptcy Case
Posted on 29 Oct 2012 by Mealeys

WASHINGTON, D.C. - The U.S. Supreme Court today agreed to hear a case to determine whether a defalcation was committed by a debtor who, prior to filing for bankruptcy, had been appointed the trustee of his father's life insurance trust and took out... Read More

Judge Rules On Affirmative Defenses In Failed Bank Suit
Posted on 16 Nov 2012 by Mealeys

CHICAGO - An Illinois federal judge on Nov. 15 granted in part and denied in part the Federal Deposit Insurance Corp.'s motion to strike affirmative defenses in a suit it filed against the former officers of the failed Wheatland Bank alleging, among... Read More

Plaintiffs Can Pursue Consumer Fraud Claim Over Loan Modification Evaluation
Posted on 28 Mar 2013 by Mealeys

CHICAGO - A Chicago man and his grandmother can pursue claims that CitiMortgage Inc. violated the Illinois Consumer Fraud Act (ICFA) by failing to adequately evaluate their request for a loan modification, a federal judge in Illinois ruled March 26, explaining... Read More

Shareholder Says Suit Against Directors Does Not Sound In Fraud
Posted on 22 Jun 2012 by Mealeys

CHICAGO - Arguing against dismissal in a securities violation case against a company and its directors, a shareholder tells an Illinois federal court in a June 21 brief that the complaint does not sound in fraud and, therefore, state of mind need not... Read More

Federal Judge Denies Arbitration In Loan Collection Suit Filed Against Santander
Posted on 3 Apr 2012 by Mealeys

CHICAGO - A federal judge in Illinois on April 2 denied a bank's motion to compel arbitration and stay proceedings in a suit in which a plaintiff alleges that the bank made unauthorized phone calls in an attempt to collect on a loan in violation of... Read More

Federal Judge Allows Action Against Collection Agency To Continue
Posted on 26 Sep 2012 by Mealeys

CHICAGO - A federal judge in Illinois on Sept. 24 denied a collection agency's motion for summary judgment in a Fair Debt Collection Practices Act (FDCPA) 15 U.S.C.S. §§1692 et seq. suit, ruling that the plaintiff consumers have raised genuine... Read More

Judge Says Shareholders Failed To Show Why Presuit Demand Would Have Been Futile
Posted on 18 May 2012 by Mealeys

CHICAGO - A federal judge in Illinois on May 15 dismissed a pair of shareholders' derivative lawsuit, finding that they did not state any valid reason for failing to make demand on a board of directors prior to filing suit (Bonnie Mitchell, et al... Read More

Both Sides Awarded Summary Judgment In Truth In Lending Suit
Posted on 16 Mar 2012 by Mealeys

CHICAGO - A federal judge in Illinois on March 14 granted in part and denied in part motions for summary judgment filed by plaintiffs and defendants in a suit in which the plaintiffs seek rescission of loans and statutory damages under the Truth in Lending... Read More

Federal Judge Allows Third-Party Claims In Failed Bank Suit
Posted on 4 Mar 2013 by Mealeys

CHICAGO - In a suit filed by the Federal Deposit Insurance Corp. as the receiver for a failed bank, a federal judge in Illinois on March 1 denied dismissal of a third-party complaint filed by the law firm that was retained by the bank, explaining that... Read More

Peregrine Trustee Wants To Examine Former Accountant Regarding CEO's Fraud
Posted on 20 Mar 2013 by Mealeys

CHICAGO - The trustee in the Chapter 7 bankruptcy of former financial company Peregrine Financial Group Inc. on March 19 moved in the U.S. Bankruptcy Court for the Northern District of Illinois for authorization to examine Peregrine's former accountant... Read More

JPMorgan Chase Seeks To Limit Scope Of Peregrine Trustee's Investigation
Posted on 7 Aug 2012 by Mealeys

CHICAGO - JPMorgan Chase Bank N.A. filed a brief in the U.S. Bankruptcy Court for the Northern District of Illinois on Aug. 6 opposing a motion by the trustee in the Chapter 7 bankruptcy of Peregrine Financial Group Inc., arguing that the trustee should... Read More

Judge Says Shareholder Failed To Show Why Presuit Demand On Board Was Futile
Posted on 16 Jul 2012 by Mealeys

CHICAGO - An Illinois federal judge on July 13 dismissed a shareholder derivative lawsuit and said a shareholder failed to prove that presuit demand on a company's board of directors would have been futile ( Gordon, Derivatively on Behalf of Navigant... Read More

Sorry, but there are no more tags available to filter with.