A Chicago federal judge has put the brakes on a class action suit filed by investors, who alleged they were ripped off for hundreds of millions of dollars in a failed electric car venture, saying the investors were asleep at the switch because they launched their suit after the statute of limitations expired.
Fraud charges added to $36M lawsuit vs Mizzi, Canadian private equity firm over senior living venture
Days after Canadian financial regulators seized control of a private equity firm over allegations it had misled investors to plow almost $100 million into a high-risk venture, a group of Chicago area businessmen have amended their pending $36 million lawsuit against Paramount Equity Financial Corporation and Canadian businessman Enzo Mizzi, now also accusing Mizzi’s group of fraud.
One of the owners of the Motor Werks Auto Group has parked an internal power struggle with his business partners in Cook County court, asking a judge to place the northwest suburban collection of luxury car dealerships into receivership to force the other two owners, including Motor Werks’ founder, to sell the dealerships and split the proceeds according to the terms of a purported deal struck a decade ago.
The village of Lombard will reap a $459,000 payday from the operators of six of the biggest online travel websites – the only Illinois municipality allowed to do so - after a federal judge signed off on a deal to end a years-long court fight over claims the travel sites had stiffed Lombard and other suburban Chicago communities of hotel taxes.
Catholic Charities lawsuit: Chicago OK'd marijuana dispensary too near shelter with child care service
Catholic Charities has asked a Cook County judge to overrule the Chicago Zoning Board’s permission for a medical marijuana dispensary to open near a Lakeview shelter for women and children it operates, saying the Zoning Board improperly overlooked the shelter’s unlicensed child care service when determining there were no day care centers or schools within 1,000 feet of the planned dispensary site.
VW diesel emissions class actions transferred, centralized by MDL Panel in San Francisco federal court
The blizzard of litigation filed against Volkswagen in the wake of revelations the automaker allegedly installed devices on diesel cars to fool emissions testing equipment has been redirected to federal court in San Francisco. Across the country, more than 500 lawsuits - primarily class action complaints - have been lodged in federal district courts against Volkswagen. In the Northern District of Illinois, for instance, 19 such lawsuits have been filed against VW.
Appeals panel sides with Geraci in fight with Mexican billionaire over right to buy downtown Chicago condo unit
Prominent Chicago bankruptcy lawyer Peter Francis Geraci and his wife have beaten back a Mexican mining magnate’s right-of-first-refusal suit, which tried to stop Geraci from buying a Magnificent Mile penthouse above the magnate’s floor. The First District Appellate Court of Illinois ruled in the Geraci couple’s favor Nov. 30, overturning a Cook County Circuit Court decision that had gone against them.
Legal actions vs. VW continue to mount over diesel deception allegations, now total more than 400 nationwide
The class action lawsuits continue to pile up against Volkswagen over allegations it installed devices to fool government emissions testing equipment, both in Chicago’s courtrooms and in courts across the country. As of Oct. 8, more than 400 class actions have been filed in federal district courts in states throughout the U.S. against the automaker, and more continue to be added.
Fitbit and Fitbug, two leading competing manufacturers of activity-tracking electronic devices, might be headed for trial after a federal judge rejected Fitbug’s request for summary judgment in a pending patent lawsuit. The matter dates to Feb. 20, 2014, when Fitbit sued Fitbug alleging a single count of patent infringement.