Page 13 - Celeste Bott News Today

An Illinois appellate panel has revived a defamation suit filed by Loevy & Loevy attorney and former Illinois Rep. Scott Drury against a conservative radio host and political action committee, finding a lower court erred in granting the defendants summary judgment before resolving a discovery dispute.

The former leader of JPMorgan's precious metals desk had legitimate strategies to back up his trades, and the government has failed to prove criminal intent behind them or present adequate evidence at trial to back its claim that his team conspired to cheat the commodities market, an Illinois federal jury heard Friday.

Three former JPMorgan Chase employees were all part of a "tight-knit operation" to manipulate the markets for precious metals, bringing junior traders into the scheme and lying to regulators and the bank to conceal it, prosecutors told an Illinois federal jury Thursday.

The city of Chicago has reached a settlement with a Latino firefighter on the day the parties were due to go to trial on his claim that he suffered severe racial harassment from his co-workers, creating a hostile work environment that his supervisors negligently failed to address and remedy.

An Illinois federal judge on Wednesday gave a final signoff to a $4.5 million deal resolving a lawsuit brought by workers for an online gift platform owned by Bed Bath & Beyond Inc. who claimed their employer's fingerprint timekeeping practices violated the state's landmark biometric privacy law.

An attorney defending former JPMorgan traders accused of spoofing the commodities market attempted to undercut the credibility of a former colleague testifying against them Thursday by pointing out he had lied in a deposition about another trader fired for spoofing.

Nearly a dozen would-be cannabis growers have filed lawsuits in Illinois state court contesting the rejections of their applications for the 48 craft grow licenses the state issued in June, after the process had been held up for more than a year due to pending litigation.

Nearly a dozen would-be cannabis growers have filed lawsuits in Illinois state court contesting the rejections of their applications for the 48 craft grow licenses the state issued in June, after the process had been held up for more than a year due to pending litigation.

The Seventh Circuit on Friday found the wife of convicted biofuel credit fraudster Joseph Furando should have been given a chance to make her case to exclude certain assets from government forfeiture, vacating a lower court's denial of her third-party forfeiture interest petition in the proceedings surrounding her husband's $145 million scheme. 

The Seventh Circuit on Friday found the wife of convicted biofuel credit fraudster Joseph Furando should have been given a chance to make her case to exclude certain assets from government forfeiture, vacating a lower court's denial of her third-party forfeiture interest petition in the proceedings surrounding her husband's $145 million scheme.