Top News

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.