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Chicago Police and Fire Pension Trustees Seek to Intercept Funds

For years, local governments in Illinois have had trouble balancing their budgets. Several struggling local governments have either failed to make public pension fund contributions, or paid far less than what they owe. The shortfall creates financial problems for the police and firefighter pension funds, and may threaten the livelihoods of retirees. Until recently, police Read More

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FAQs About Receiverships

Q.        What is a “receiver”? A “receiver” is a court officer appointed to protect property in dispute during the pendency of a lawsuit.  As a court officer, a receiver has no discretion or personal control over the property he holds, but must obey court orders. Q.        When is a receiver appointed? Receivership is an extraordinary Read More

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Equitable Remedies FAQs

Q.        What are “equitable remedies”? Illinois recognizes two basic types of relief in civil cases.  A “legal” action is one where money damages will adequately compensate a plaintiff.  By contrast, an “equitable” claim is one seeking an extraordinary remedy, where money alone will not adequately compensate a plaintiff.  The distinction between “legal” and “equitable” remedies Read More

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