Attorney General

Big Bank Settlement
8:25 am
Wed November 20, 2013

JPMorgan Chase To Pay Illinois Pension Funds $100 Million

Chase Tower in Chicago.
Credit John Picken (flickr.com/picken)

The bank JPMorgan Chase will pay Illinois' pension funds $100 million under a national settlement announced Tuesday. The payment is a result of the bank's misconduct leading up to the Great Recession.

Like a lot of investors in the last decade, Illinois' pension funds had a good chunk of change in mortgage-backed securities. Once the housing market collapsed and homeowners began defaulting, the value of those securities collapsed, too.

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Election 2014
5:00 pm
Mon September 16, 2013

Marine To Challenge Lisa Madigan

Attorney Paul Schimpf retired from the Marine Corps this year.
Credit Schimpf campaign photo

Attorney General Lisa Madigan beat her last opponent by more than a million votes. Her decision to run for re-election next year scared away most of the people who'd been eyeing her job. But at least one Republican is throwing his hat in the ring.

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District 186
5:02 pm
Wed May 22, 2013

AG Says Springfield School Board Violated Open Meetings Act

 Former superintendent Walter Milton’s separation agreement with District 186 violated open meeting laws, according to an opinion by the state’s Attorney General. The previous school board decided to part ways with Milton during the winter before his contract was up. So, the members approved a severance plan worth over $175,000 and agreed to pay health and dental insurance.

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