Judge: SEC OK to continue suit vs Navistar CEO for misleading investors on development of diesel engine
A Chicago federal judge will allow the Securities and Exchange Commission to continue the bulk of its legal action against the former president and CEO of Navistar for allegedly misleading investors and the federal government by lying about Navistar’s development of a new diesel engine that met heightened emissions standards.
Judge tosses $70M RICO lawsuit accusing Navistar of selling shoddy school buses, profiting from repairs
Lisle-based truck and bus maker Navistar has for now escaped the need to face a $70 million racketeering lawsuit after a Chicago federal judge granted its motion to dismiss the complaint, which alleged it had sold shoddy school buses, and then profited on the back-end from needed and repeated repairs.
Shareholders suing Navistar say $9M settlement best way to end suit over low-emissions engine claims
Lisle-based truck maker Navistar has moved nearer the end of the road in a legal fight over whether it had misled investors about its chances to build a new truck engine both in line with federal emissions requirements and superior to those made by competitors, as a group of shareholders have asked a federal judge to sign off on a $9.1 million settlement deal.
With overwhelming bipartisan support, the Defend Trade Secrets Act is now law, giving manufacturers and others the ability to bring a civil case in federal court against those they accuse of improperly sharing their trade secrets, potentially giving them more leverage than is allowed under existing Illinois state law.
A federal judge has signed off on an agreement to settle the bulk of the litigation against the National Collegiate Athletic Association over concussions and other brain injuries suffered by college athletes nationwide. On Tuesday, Jab. 26, U.S. District Judge John Z. Lee granted preliminary approval to the settlement agreement between the NCAA and a potential class of more than 4.4 million student athletes nationwide.
Jordan settles with Jewel, Dominick's in trademark dispute over ads congratulating Jordan's Hall of Fame induction
Michael Jordan, Chicago’s greatest basketball player, and two of the region’s iconic grocery brands appear to have settled a legal fight over the allegedly unauthorized use of imagery connected to the basketball legend in advertisements designed to honor Jordan’s induction into the basketball Hall of Fame six years ago.
U.S. Soccer can't use national team players' likenesses for ads without players' association OK, judge says
The United States Soccer Federation must seek approval from its players’ union before allowing sponsors to use players’ likenesses in advertisements, after a federal judge upheld the decision of an arbitrator. U.S. District Judge Virginia M. Kendall ruled Sept. 29 in Chicago to grant the United States National Soccer Team Players Association’s motion for summary judgment in a lawsuit the Chicago-based U.S. Soccer Federation brought against the players association.