Illinois

  • January 9, 2007

    Conrad Black Accused Of Insider-Trading Scheme

    Government prosecutors have accused fallen media baron Conrad Black of engaging in insider-trading in 1998 to prop up the share price for his Chicago-based publishing company during an underwriting.

  • January 9, 2007

    Rate Freeze Could Bankrupt ComEd: Company

    Illinois’ power providing monopoly, Commonwealth Edison, is hoping to dim the lights on a recently approved electricity rate freeze by taking it to court and, if that doesn’t work, filing for bankruptcy.

  • January 8, 2007

    Second Plea Bargain Reached In Hollinger Case

    Ravelston Inc., the former holding company of media mogul Conrad Black, has struck a deal with federal prosecutors, agreeing to plead guilty to criminal charges relating to the accounting fraud at parent company Hollinger International.

  • January 8, 2007

    Supreme Court To Rule On Securities Fraud Proof

    In what could be the biggest decision in securities law in a decade, the U.S. Supreme Court has announced it will decide the standard of proof necessary for shareholder class actions to proceed to trial.

  • January 8, 2007

    Motorola Could Face $100M Hit In SPS Case: Attorneys

    Motorola Inc. was ordered Monday to pay $17 million in costs and attorneys’ fees in a drawn-out trade secrets case in Florida state court. But bigger sanctions still loom, after the judge found that Motorola’s lawyers broke court rules, according to plaintiffs’ attorneys.

  • January 8, 2007

    Motorola's Violations Could See $100M Hit: Attorneys

    Motorola Inc. was ordered Monday to pay $17 million in costs and attorneys’ fees in a drawn-out trade secrets case in Florida state court, but bigger sanctions are looming after the judge found Motorola’s lawyers broke court rules, according to plaintiffs attorneys.

  • January 5, 2007

    Appeals Court Affirms Abbott's Biaxin Injunction

    An appeals court has upheld a lower court’s decision to grant a preliminary injunction barring Andrx Corp. from bringing to market a generic version of Abbott Laboratories’ antibiotic Biaxin XL.

  • January 5, 2007

    Judge Clarifies Foley's Role In Tower Case

    A federal bankruptcy judge has signed off on a bid by Tower Automotive Inc. to clarify Foley & Lardner LLP’s role as special labor negotiation counsel, opening the door for the law firm to be paid for additional services it has provided to the bankrupt auto parts maker in connection with an employment investigation.

  • January 3, 2007

    Abbott E-Mails Could Affect Patent Evergreening Suits

    While efforts by pharmaceutical companies to protect market share have always drawn the scrutiny of regulators, recently uncovered documents from Abbott Laboratories have cast a new light on some of these questionable tactics.

  • January 3, 2007

    Insurer Agrees To Halt Contingent Commissions

    The St. Paul Travelers Companies Inc. has agreed to stop paying contingent commissions to insurance agents and brokers, according to Connecticut Attorney General Richard Blumenthal, who has been fighting the illegal bid-rigging practice.

  • January 2, 2007

    Allstate Buries Hatchet With N.Y. For $18M

    A unit of the nation's largest publicly traded home and auto insurer is set to shell out more than $18 million to settle allegations that it failed to comply with New York state regulations meant to keep customers informed of the risks of replacing life insurance policies.

  • January 2, 2007

    Doctors Settle Price-Fixing Charges With FTC

    Advocate Health Partners, which represents more than 2,900 independent Chicago-area physicians, has reportedly accepted the terms of a consent order settling allegations that the company agreed to fix prices and refused to deal with certain health plans except on collectively determined terms.

  • December 29, 2006

    Cases To Watch In 2007

    Undergoing increased scrutiny over anti-competitive practices, market timing and initial public offerings, the financial services industry is feeling the heat from many types of litigation.

  • December 29, 2006

    Cases To Watch In 2007

    In bankruptcy courts, district courts and appellate courts, cases are pending that have the potential to have a dramatic impact on labor and employment law.

  • December 21, 2006

    Chubb Settles Bid-Rigging Charges For $15M

    Insurance company Chubb Inc. has agreed to pay $15 million to wrap up an investigation into allegations that the company participated in a widespread bid-rigging scheme.

  • December 21, 2006

    Deutsche To Pay $139M To Settle Spitzer Probe

    In yet another coup for outgoing New York Attorney General Eliot Spitzer, Deutsche Bank agreed Thursday to pay over $139 million to settle charges its brokers engaged in market timing and late trading in its mutual funds.

  • December 20, 2006

    Court Affirms Tower's Union Deals

    A federal judge has upheld a bankruptcy court’s decision to approve two settlements between Tower Automotive Inc. and unions representing the bankrupt auto parts maker’s workers and retirees, despite objections from Tower’s unsecured creditors committee.

  • December 19, 2006

    States Sue Insurance Broker Over Kickbacks

    Attorneys-general from three states filed lawsuits Tuesday against one of the country’s largest insurance brokerage firms, Acordia, Inc., for allegedly steering consumers to insurers in return for millions in payments.

  • December 14, 2006

    U.S. May Act Against BP Over Trading Activities

    Oil giant BP PLC said federal regulators intend to initiate a civil enforcement action against its U.S. unit over its trading practices for gasoline futures contracts four years ago.

  • December 14, 2006

    Options Market Copyright Suit Moved To Federal Court

    The battle between two rivals trying to control the U.S. options market moved a step forward Tuesday when a copyright infringement lawsuit brought by the Chicago Board Options Exchange Inc. against the International Securities Exchange LLC in Illinois state court was moved to federal court.