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State Tipoffs Involving Illinois Newsletter for 2024-05-25 ( 19 items )  
Hagens Berman, Winston & Strawn Secure Historic Multibillion-Dollar Settlement for College Athletes and Bring Revolutionary Change to College Sports (10)
CHICAGO, Illinois, May 25 -- Winston and Strawn LLP, a law firm, issued the following news release on May 23, 2024: Today, Hagens Berman and Winston & Strawn LLP announced jointly with the NCAA, Big Ten, SEC, Pac-12, Big 12 and ACC a landmark antitrust class-action settlement poised to radically change the economic model of college sports and provide billions of dollars in backpay damages and tens of billions of dollars in future revenue-sharing to college athletes. The settlement resolves th more PR

ILL. A.G. RAOUL'S LEGISLATION TO EXPAND WORKER PROTECTIONS AGAINST RETALIATION HEADED TO GOVERNOR'S DESK (10)
CHICAGO, Illinois, May 25 -- Illinois Attorney General Kwame Raoul issued the following news release: Attorney General Kwame Raoul applauded the Illinois General Assembly's passage of legislation that would protect workers from retaliatory conduct by employers, strengthen current protections under state law and codify the authority of Raoul's Workplace Rights Bureau to investigate and hold employers who retaliate or threaten to retaliate accountable. "Workers who want to assert their basic wor more PR

Ill. Auditor General: 'Chicago State University -- Compliance Examination' (10)
SPRINGFIELD, Illinois, May 24 -- The Illinois Auditor General issued the following compliance examination on May 23, 2024, involving Chicago State University. Here are excerpts: * * * INTRODUCTION This digest covers the Compliance Examination of Chicago State University (University) for the year ended June 30, 2023. A separate digest covering the University's financial audit as of and for the year ended June 30, 2023, was previously released on February 22, 2024. In addition, a separate dige more PR

Ill. Auditor General: 'Illinois Department of Transportation -- Compliance Examination' (10)
SPRINGFIELD, Illinois, May 24 -- The Illinois Auditor General issued the following compliance examination on May 23, 2024, involving Illinois Department of Transportation. Here are excerpts: * * * INTRODUCTION This digest covers our compliance examination of the Department of Transportation (Department) for the two years ended June 30, 2022. A separate Financial Audit as of and for the year ended June 30, 2022 was previously released on April 13, 2023. In total, this report contains 6 findin more PR

Ill. Auditor General: 'Illinois Grain Insurance -- Compliance Examination' (10)
SPRINGFIELD, Illinois, May 24 -- The Illinois Auditor General issued the following compliance examination on May 23, 2024, involving Illinois Grain Insurance Corp.. Here are excerpts: * * * INTRODUCTION The Illinois Grain Insurance Corporation (Corporation) was created to make investments with funds assessed and collected by the Department of Agriculture (Department) and to transfer funds to the Department's Grain Indemnity Trust Fund when the Director of the Department determines it necessa more PR

Ill. Auditor General: 'Illinois Grain Insurance -- Financial Audit' (10)
SPRINGFIELD, Illinois, May 24 -- The Illinois Auditor General issued the following financial audit on May 23, 2024, involving Illinois Grain Insurance Corp.. Here are excerpts: * * * INTRODUCTION The Illinois Grain Insurance Corporation (Corporation) was created to make investments with funds assessed and collected by the Department of Agriculture (Department) and to transfer funds to the Department's Grain Indemnity Trust Fund when the Director of the Department determines it necessary in o more PR

Ill. Auditor General: 'Northeastern Illinois University -- Compliance Examination' (10)
SPRINGFIELD, Illinois, May 24 -- The Illinois Auditor General issued the following compliance examination on May 23, 2024, involving Northeastern Illinois University. Here are excerpts: * * * INTRODUCTION This digest covers the Northeastern Illinois University (University) Compliance Examination for the year ended June 30, 2023. Separate digests covering the University's Financial Audit and Single Audit as of and for the year ended June 30, 2023 were previously released on March 28, 2024. In more PR

Ill. Auditor General: 'State Universities Retirement System -- Compliance Examination' (10)
SPRINGFIELD, Illinois, May 24 -- The Illinois Auditor General issued the following compliance examination on May 23, 2024, involving State Universities Retirement System. Here are excerpts: * * * INTRODUCTION This digest covers our compliance examination of the State Universities Retirement System (System) for the two years ended June 30, 2023. A separate digest covering the Systems' Financial Audit as of and for the year ended June 30, 2023, was previously released on February 29, 2024. In  more PR

Ill. House Democrats: Andrade, Rashid Pass Bill Cracking Down on AI-Based Discrimination (10)
SPRINGFIELD, Illinois, May 25 -- The Illinois House Democrats issued the following news on May 24, 2024: State Rep. Jaime Andrade, D-Chicago, and state Rep. Abdelnasser Rashid, D-Bridgeview, passed legislation Friday to prohibit AI-based discrimination in employment, ensuring Illinois companies remain transparent in hiring practices. "With its growing use throughout the economy, AI could easily circumvent well-meaning and effective anti-discrimination measures," Andrade said. "The House and I  more PR

Ill. House Democrats: Avelar Expands Language Equity and Accessibility Statewide (10)
SPRINGFIELD, Illinois, May 25 -- The Illinois House Democrats issued the following news: Working to help people engage with government and access critical services in their preferred language, state Rep. Dagmara "Dee" Avelar, D-Bolingbrook, passed legislation through the House expanding language offerings in state offices. "Illinois faces a critical opportunity which can change lives for residents statewide -- providing accessible resources for a significant community of people who don't use E more PR

Ill. House Democrats: Gill Passes Update to Funeral Home Rules, Encourages Stronger Chain of Custody Requirements (10)
SPRINGFIELD, Illinois, May 25 -- The Illinois House Democrats issued the following news: Responding to a report of a funeral home mishandling remains, state Rep. Mary Gill, D-Chicago, led passage of a plan to institute new safeguards and stricter chain of custody and identification requirements for funeral homes and crematoriums. "This proposal comes in the wake of a heartbreaking situation in downstate Carlinville, where it appears a funeral home mishandled remains, lied to families and even  more PR

Ill. House Democrats: Guerrero-Cuellar Advances Legislation Expanding Access to Mental Health Professionals for First Responders and Veterans (10)
SPRINGFIELD, Illinois, May 25 -- The Illinois House Democrats issued the following news: State Rep. Angie Guerrero-Cuellar, D-Chicago, is expanding career opportunities for mental health professionals by passing legislation eliminating non-compete agreements for those who serve veterans and first responders. Guerrero-Cuellar championed Senate Bill 2737 which prohibits non-compete and non-solicitation agreements for mental health services that support veterans and first responders. Current agre more PR

Ill. House Democrats: Kifowit Advances Bill to Aid Disabled Veterans With Home Modifications (10)
SPRINGFIELD, Illinois, May 25 -- The Illinois House Democrats issued the following news on May 24, 2024: State Representative Stephanie Kifowit (D-Oswego) is proud to announce the passage of groundbreaking legislation aimed at easing the financial burden on disabled Veterans who need to modify their homes to accommodate their disabilities. Senate Bill 2751, which Kifowit sponsored, received unanimous support in the House, where it passed on Wednesday, May 15. The bill passed the Senate in April more PR

Ill. House Democrats: Stuart Applauds Kimberly-Clark Donation to Provide Women's Hygiene Supplies to Illinoisans in Need (10)
EDWARDSVILLE, Illinois, May 25 -- The Illinois House Democrats issued the following news: State Rep. Katie Stuart, D-Edwardsville, is announcing a donation of feminine hygiene products by Kimberly-Clark in partnership with the National Foundation of Women Legislators (NFWL), which will help local women in need. "Period poverty is an all too common, and preventable, phenomenon that occurs when a menstruating person doesn't have sufficient access to hygiene supplies," Stuart said. "This can lead more PR

Kirkland Advises KKR-Backed Global Medical Response on Comprehensive Financing Plan (10)
CHICAGO, Illinois, May 25 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised KKR and its portfolio company Global Medical Response, a medical emergency transportation company, in a comprehensive refinancing transaction that provides meaningful new equity investment from existing and new investors, significantly reduces the Company's debt and extends existing debt maturities to October 2028. The contemplated refinancing spanned three different debt fa more PR

Kirkland Advises Vitruvian Partners on Growth Investment in Aduro Advisors (10)
CHICAGO, Illinois, May 25 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented growth-focused investment firm Vitruvian Partners in a strategic growth investment in fund administrator to venture capital and private equity firms Aduro Advisors. The transaction was announced May 23, 2024. Financial terms were not disclosed. Aduro's leadership team and existing shareholder PPC Enterprises will retain a significant investment in Aduro going forward. Ad more PR

Kirkland Represents Carlyle Group in Connection With Acquisition of KFC Holdings Japan (10)
CHICAGO, Illinois, May 25 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented The Carlyle Group in connection with its proposed acquisition of KFC Holdings Japan, Ltd. (9873.T), the operator of the Kentucky Fried Chicken (KFC) fast-food franchise in Japan, together with the related long term franchise arrangements with brand owner, Yum! Brands. Mitsubishi Corporation (8058.T), the largest shareholder of KFC Holdings Japan, Ltd., announced separatel more PR

Kirkland Represents Super Hi on Its Successful Dual Listing on Nasdaq (10)
CHICAGO, Illinois, May 25 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented Super Hi International Holding Ltd. ("Super Hi") on its initial public offering in the United States, making it the first high-profile company to list first in Hong Kong and then in the United States in recent years. Super Hi offered 2,692,700 American Depositary Shares ("ADSs") at a price of US$19.56 per ADS, with each ADS representing ten (10) ordinary shares. The ADS more PR

Sloan Implement Co. Donates a Tractor to LLCC's Diesel Technologies Program (10)
SPRINGFIELD, Illinois, May 24 -- Lincoln Land Community College issued the following news: Sloan Implement, Co., Inc. donated a 2023 John Deer 6R 130 tractor, valued at more than $175,000, to the LLCC diesel technologies program at Lincoln Land Community College. "We can't thank Jeff Sloan and his company enough for this generous donation," said Jeff Gardner, program director, LLCC diesel technologies. "The tractor has been used this academic year to teach students about electronics, air cond more PR