The directors and executive of an Oakbrook Terrace-based provider of digital financial security products has been hit with a lawsuit brought by a shareholder who has claimed the company’s management should be made to pay for allegedly concealing from investors – or at least not properly moving to address – the possibility an international distributor sold the company’s products to buyers in Iran while economic sanctions forbidding such sales were in place.
A Cook County man has filed a class action lawsuit in Chicago federal district court against Chicago’s City Colleges and an education marketing company, handing them a failing grade for allegedly violating federal law by making unsolicited, automated telephone calls and texts to recruit students. On Oct. 8, Ismael Salam lodged the suit against Community College District 508, also known as the City Colleges, as well as against Cook County, the state of Illinois and Blackboard, Inc.
