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Illinois
Illinois Law360 provides breaking news and analysis on legal and regulatory issues in Illinois. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
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Latest News in Illinois
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May 01, 2025
Death Bond Fund Manager Inflated Asset Values, Suit Says
An Illinois fund that invests in life insurance policies has been hit with securities fraud, breach of fiduciary duty and several other claims in a suit seeking at least $50 million that alleges it manipulated the value of illiquid assets to collect inflated fees from investors.
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May 01, 2025
PepsiCo Owes $2.1M In Tax Penalties, Illinois Panel Affirms
PepsiCo was correctly assessed $2.1 million in penalties for categorizing Frito-Lay expatriates' compensation as foreign payroll that would allow the company's profits to be excluded from state income tax calculations, according to an Illinois Appellate Court panel.
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May 01, 2025
Senators Reintroduce Patent Eligibility, PTAB Reform Bills
U.S. Sens. Thom Tillis and Chris Coons on Thursday brought back two significant patent reform bills from last term that overall aim to make invalidating patents more difficult.
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May 01, 2025
IRS And ICE Info Sharing Could Drive Payroll Tax Enforcement
Tax crimes are historically difficult to prosecute, but the Internal Revenue Services’ recent agreement with U.S. Immigration and Customs Enforcement to share taxpayer records of non-U.S. citizens could be used to enhance payroll tax-related enforcement against their employers, say attorneys at Holland & Knight.
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May 01, 2025
Breaking Down Ill. Bellwether Case For Bank Preemption
The banking industry's pending lawsuit against the state of Illinois stands to permanently enjoin state regulation of bank card processing, as well as clarify the outstanding and consequential issue of whether conflict preemption continues to cover third parties in certain circumstances, says Tom Witherspoon at Stinson.
Areas of Coverage
- AGENCIES
- Illinois Attorney General’s Office
- Illinois Comptroller’s Office
- Illinois Department of Insurance
- Illinois Department of Transportation
- Illinois Gaming Board
- Illinois Environmental Protection Agency
- Illinois Commerce Commission
- Illinois Department of Financial and Professional Regulation
- ENFORCEMENT
- Investigations and enforcement actions by state and federal prosecutors
- LITIGATION
- Antitrust litigation
- Class actions
- Environmental suits
- Labor and employment issues
- Intellectual property cases
- Product liability and consumer protection disputes
- Securities disputes
- Bankruptcy proceedings
- TRANSACTIONS
- Mergers, acquisitions, and joint ventures involving Illinois companies
- Real estate deals
- PROFILES
- Nominations, appointments, and elections of judges and agency officials in Illinois
- Personnel moves
- Profiles of Illinois judges, litigators, and firms