Illinois

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Judge Won't Certify Class Challenging Collection Practices Of Debt Collector
Posted on 16 Apr 2013 by Mealeys

CHICAGO - A federal judge in Illinois on April 12 denied a consumer's motion to certify three classes of plaintiffs in a class action lawsuit challenging the collection practices of a debt collector, ruling that the consumer failed to show that class... Read More

Federal Judge: Settlement Between Debtor, Insurance Carrier Proper
Posted on 11 Jan 2013 by Mealeys

CHICAGO - A federal judge in Illinois on Jan. 10 ruled that an insurance settlement between a debtor and one of its insurers related to asbestos coverage was proper despite a separate insurer's contention that the settlement would increase its own... Read More

Judge Appoints Pension Fund Lead Plaintiff In Drug Company Shareholder Suit
Posted on 17 Apr 2012 by Mealeys

CHICAGO - Finding that a pension fund's pleadings were superior to those of other movants, a federal judge in Illinois on April 13 appointed the pension fund as lead plaintiff in a shareholder derivative lawsuit against a drug company that allegedly... Read More

Federal Judge Dismisses Counterclaims Against FDIC As Receiver For Failed Bank
Posted on 24 Jan 2013 by Mealeys

CHICAGO - A federal judge in Illinois on Jan. 23 granted motions to dismiss a borrower's counterclaims in a mortgage foreclosure suit that the Federal Deposit Insurance Corp., as the receiver for a failed bank, filed against him, finding that the... Read More

Federal Judge Says Chase Is Entitled To Equitable Lien
Posted on 10 Aug 2012 by Mealeys

CHICAGO - A federal judge in Illinois on Aug. 7 partially granted JPMorgan Chase Bank's (Chase) motion for partial summary judgment in an action in which a consumer sued to quiet title in real estate, finding that Chase is entitled to an equitable... Read More

Federal Judge Denies Defendant's Motion To Transfer Ponzi Suit
Posted on 25 Jun 2012 by Mealeys

MINNEAPOLIS - A federal judge in Minnesota on June 22 denied a futures commission merchant defendant's motion to transfer to an Illinois district court a suit in which a receiver alleges that millions of dollars from receivership entities were transferred... Read More

Coalition: Peregrine Trustee's Compensation Application Is 'Inappropriate'
Posted on 16 Apr 2013 by Mealeys

CHICAGO - The Commodity Customer Coalition Inc. (CCC) on April 15 filed a brief in the U.S. Bankruptcy Court for the Northern District of Illinois objecting to the Chapter 7 trustee's first interim application for more than $1.23 million in compensation... Read More

Receiver In Commodities Suit Against Bankrupt Peregrine Seeks To Abandon Assets
Posted on 9 Aug 2012 by Mealeys

CHICAGO - The receiver appointed in the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) on Aug. 6 moved in the U.S. District Court for the Northern District of Illinois for an order permitting him to surrender and/or abandon aircraft... Read More

Federal Judge: Plaintiff Sufficiently Alleged Consumer Protection Act Claim
Posted on 8 Aug 2012 by Mealeys

CHICAGO - A federal judge in Illinois on Aug. 7 denied dismissal of a Telephone Consumer Protection Act (TCPA) 47 U.S.C.S. § 227 claim, finding that a consumer has standing to bring the suit and that her allegations that a debt collector used an... Read More

Directors, Officers: Shareholder Failed To Show Demand Would Have Been Futile
Posted on 22 Feb 2013 by Mealeys

CHICAGO - Directors and officers of a company being sued in a shareholder derivative lawsuit told an Illinois federal court on Feb. 19 that the suit against them should be dismissed because the shareholder failed to show that presuit demand upon the company's... Read More

7th Circuit: Rule Of Reason Applies To Sulfuric Acid Antitrust Class Action
Posted on 3 Jan 2013 by Mealeys

CHICAGO - A federal judge in Illinois properly concluded that shutdown agreements between Canadian and American producers of sulfuric acid were subject to the rule of reason rather than per se theory of liability on the American producers' class claims... Read More

Judge Dismisses Suit Against Abbott Laboratories' Directors And Officers
Posted on 19 Nov 2012 by Mealeys

CHICAGO - A federal judge in Illinois dismissed a shareholder derivative lawsuit against directors and officers of Abbott Laboratories on Nov. 15, finding that the plaintiffs failed to show that presuit demand would have been futile ( In re Abbott Depakote... Read More

Federal Judge Grants Protective Stay To FDIC In Failed-Bank Action
Posted on 24 Apr 2013 by Mealeys

CHICAGO - A federal judge in Illinois on April 23 granted a protective order regarding confidential information to the Federal Deposit Insurance Corp., which, as the receiver for the failed Wheatland Bank sued OneBeacon Midwest Insurance Co. (OneBeacon... Read More

Directors And Officers Say Shareholder Failed To Prove They Owe Fiduciary Duty
Posted on 24 Jul 2012 by Mealeys

CHICAGO - Directors and officers moving to dismiss a shareholder suit in an Illinois federal court on July 20 say the shareholder failed to show why the directors and officers owed a fiduciary duty to the shareholder (Super Pawn Jewelry & Loan, doing... Read More

7th Circuit Panel Reverses Injunction, Allows UCL Claim To Proceed
Posted on 2 May 2012 by Mealeys

CHICAGO - An Illinois federal judge cannot enjoin a California unfair competition law (UCL) class action involving advertising of stainless steel drums in dryers under the All Writs Act, the Seventh Circuit U.S. Court of Appeals held May 1 (Steven J.... Read More