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Class action: KraftHeinz allowed investors on board to insider trade, dodge billions in stock losses
KraftHeinz has been hit with a class action brought by a group of investors who accuse the company of allowing one of its leading investors to engage in insider trading, using information not available to other investors to avoid billions of dollars in losses to the value of the company’s stock.
Appeals panel: Parents can sue paint makers for kids' lead screening costs, even though covered by Medicaid
A Chicago appellate court has overturned a lower court’s dismissal of a class action by parents who wanted paint companies to pay for mandatory tests of their children to see if the children had lead in their blood, finding the parents still hold the right to sue the companies, even though Medicaid footed the bill.
Harvey, pension funds reach deal on dividing up embargoed state money, end court fight over pension funding
In a deal that could set a precedent for other financially struggling municipalities to follow, the city of Harvey has reached a deal with its police and firefighter pension funds to end a court fight over how much of the money Harvey gets from the state of Illinois the city should be allowed to spend on current day-to-day operations, rather than police and fire department retirees’ pensions.
IL Supreme Court strikes appellate order requiring comptroller to release hold on city of Harvey's funds
The financially-troubled city of Harvey again has been denied access to more than $1 million in its share of state money it says it needs to pay its current police officers, firefighters and other city employees, but which the board overseeing its retired police officers’ pension fund says state law requires the state to pay to them.
A Highland Park charity and a donor are accusing PayPal of illegally withholding and redirecting donations intended to benefit certain charities in a class action complaint filed Feb. 28 in Chicago federal court.
Perhaps ending a dispute that dates back more than a decade, an Illinois appeals court has ordered the city of Harvey to pay more than $7 million to its police pension fund.
Lawsuit says Ticket Reserve execs misled investors into paying in for cut of anticipated ticket business
A Texas-based investment group has sued the executives in charge of Ticket Reserve Inc., a Wheeling-based company helping organizers of sporting events and other live performances create online markets for anticipated ticket sales, saying the managers deceived them and other investors into sinking money into the debt-plagued venture, on the mistaken belief the company was on firmer financial footing than it actually was.
A group of podiatrists is not gelling with advertising claims made by the makers of over-the-counter foot care brand Dr. Scholl’s over just how "custom" is the fit of the brand's retail orthotic inserts. Podiatrist Lowell Scott Weil and Des Plaines-based Weil Foot and Ankle Institute LLC, which employs 17 podiatrists, filed a class action lawsuit Dec. 22 in Chicago federal court against Dr. Scholl’s parent company, Bayer AG, and its subsidiaries.