Interest rate swaps class action vs big banks could draw in 'tens of thousands' of public bodies with billions at stake
Two Mississippi and Alabama hospitals and the county that includes the cities of Biloxi and Gulfport, Miss., have squared off in Chicago federal court with many of the country’s biggest financial institutions over so-called interest rate swaps — an issue now impacting governments and other public bodies throughout the country, including Chicago’s public schools system.
Condo foreclosure doesn't eliminate new owners' obligations to pay past owners' association fees, IL Supreme Court says
The Illinois Supreme Court has ruled unpaid condominium association assessments are not erased through foreclosure, unless the new owner forks over their first post-purchase assessment payment on time, otherwise they have to pick up the tab. The high court’s decision was delivered Dec. 3 by Justice Thomas Kilbride, with the rest of the court concurring.
Appeals court upholds dismissal of $14 million legal malpractice case vs Katten Muchin by heir of Harold Price
An appellate court has upheld a lower court’s ruling against the granddaughter of business luminary Harold C. Price, rejecting the woman's suit against her attorney and the Katten Muchin Rosenman law firm for legal malpractice based on claims his legal advice caused her to lose $14 million of an $18 million inheritance.