Top News

Man trying to resurrect his credit asks court to order Equifax to recognize he is not dead

Scott Holland Sep. 9, 2016, 4:09pm

A live human person filed a civil complaint in federal court in Chicago Aug. 22 asking a judge to order a credit reporting bureau to acknowledge he is not, in fact, dead. 

Cook County's predatory lending actions vs big banks on hold as Supreme Court takes up similar case

Jonathan Bilyk Jul. 29, 2016, 4:46pm

Cook County’s lawsuits against three of the country’s biggest banks over claims of predatory discriminatory lending targeted at minorities have been put on hold as the U.S. Supreme Court prepares to weigh in on an appeal brought by two of the banks, challenging the ability of local municipal governments, like Cook County, to sue under federal law.

Big banks not on the hook for failing to stop $14 million embezzlement by doctors' bookkeeper

Scott Holland May 6, 2016, 11:39pm

Three big banks will not be on the hook for millions allegedly embezzled by the former bookkeeper for a group of Chicago area medical practices, after a federal judge agreed the banks had no duty to detect and thwart the fraud, which the doctors said cost them more than $14 million.

Interest rate swaps class action vs big banks could draw in 'tens of thousands' of public bodies with billions at stake

Scott Holland Feb. 19, 2016, 8:31pm

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.

Appeals panel: OK for bank, ad agency to settle for zero dollars, thwart accountant's countersuit vs bank in embezzlement suit

Dan Churney Feb. 4, 2016, 11:44am

An Illinois appeals panel has backed a Cook County judge’s ruling that Bank of America and a Chicago advertising agency didn’t pull a fast one on a Skokie accountant, by reaching a zero-dollar settlement in a $1 million embezzlement lawsuit, saving the ad agency untold sums in legal fees and shielding the bank from the accountant’s countersuit.