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Ill. high court rejects intervention on state paychecks
Court Watch |
2015/07/20 09:17
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The Illinois Supreme Court has denied a request by state officials to decide the issue of paying government workers during the budget crisis.
The high court made no comment Friday in rejecting the plea by Attorney General Lisa Madigan.
Madigan sought intervention because two separate courts ruled opposite ways last week on pay for 64,500 employees.
A Cook County judge ruled it would be illegal to pay most of them. But an appellate court reversed that decision Friday and sent it back for additional arguments.
A St. Clair County judge decreed it would violate the Constitution not to pay them.
State Comptroller Leslie Munger began paying workers this week.
A new fiscal year began July 1 but Gov. Bruce Rauner and legislative Democrats can't agree on a spending plan. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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