Page 9 - Celeste Bott News Today

A Chicago federal jury Thursday found an Illinois lawyer guilty of insider trading when he invested in online education company Chegg Inc. within an hour of speaking with a college friend who worked for the company and had just gotten a preview of earnings information. 

Prosecutors urged a Chicago federal jury Tuesday to convict an Illinois attorney of insider trading, saying he was a trained lawyer who willfully used inside information to make more than $110,000 investing in Chegg Inc., conspiring with a college friend who worked there.

A paramedical services provider that gathers information for life, disability and group insurance underwriting and a customer who brought a proposed class action accusing the company of sending unwanted robocalls told an Illinois federal judge Wednesday that they settled the suit.

A Chicago attorney invested in Chegg Inc. minutes after hanging up with a college friend who worked for the company and who'd just learned positive earnings information that wouldn't be public for several days, prosecutors told an Illinois federal jury on Monday.

Industrial sterilization company Sterigenics said Monday night it has agreed to pay $408 million to settle more than 870 personal lawsuits pending in Illinois state and federal courts over claims that it polluted a community for decades with ethylene oxide emissions from its now-shuttered Willowbrook plant.

Counsel for a Chicago lawyer facing insider trading charges told a federal jury Tuesday that his May 2020 decision to invest in online education company Chegg Inc. wasn't based on a friend sharing nonpublic information, but part of a broader strategy to buy stock in companies that would benefit from the COVID-19 pandemic and lockdown.

A state court should not have vacated an arbitrator's finding that the city of Chicago violated a labor agreement with the International Brotherhood of Electrical Workers by allowing nonunion contractors to perform electrical work on city-owned light and traffic poles, an Illinois appeals panel has ruled.

An Illinois appellate panel has affirmed Morgan Lewis & Bockius LLP's win over claims the firm conspired to help cover up illegal tax shelters that landed some former executives at accounting firm BDO in prison, saying the former BDO clients who brought the suit knew about their injury roughly a decade prior.

Some of the most significant rulings in Illinois this year could lead to disparities in how clients recover damages from defense and plaintiffs attorneys in legal malpractice cases, while also offering guidance on how best to address improper statements made by opposing counsel at trial.

A Seventh Circuit panel on Friday appeared doubtful that an identity verification company would fall under the arbitration provision of a rental car platform for which it provided services as a third-party beneficiary, questioning why it's not simply an independent contractor engaged in competition at the market price.