Jeffrey W. Finke
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Dec. 31: Circuit Court of Cook County docket for joint action cases
The following joint action-related cases were on the docket in the Circuit Court of Cook County on Dec. 31. All case details are allegations only and should not be taken as fact: -
Judge clears sale of hotels worth $86 million amid ongoing First Farmers fraud litigation
The online sale of five hotel properties worth a combined $86 million is proceeding after a federal judge in Chicago approved the transaction, which is connected to an ongoing lawsuit regarding a multi-million dollar fraudulent loan scheme. Pennant Management is embroiled in legal proceedings after accusing First Farmers Financial of selling it the federally guaranteed portions of 26 fraudulent loans allegedly worth $180 million.