Monday - May 20, 2024
State Tipoffs Involving Illinois Newsletter for Saturday May 04, 2024 ( 26 items )  

ILL. A.G. RAOUL ANNOUNCES MULTISTATE SETTLEMENT IN PRINCIPLE WITH AMNEAL PHARMACEUTICALS
CHICAGO, Illinois, May 4 -- Illinois Attorney General Kwame Raoul issued the following news release on May 3, 2024: Attorney General Kwame Raoul today, as part of a bipartisan group of attorneys general, announced a multistate settlement in principle with opioid manufacturer Amneal Pharmaceuticals (Amneal) for its role in fueling the nationwide crisis of opioid addictions and overdoses. Amneal produces several generic opioid products and was one of the largest manufacturers of opioids from 2006  more

Ill. Auditor General Issues Financial Audit on Regional Office of Education No. 33
SPRINGFIELD, Illinois, May 3 -- The Illinois Auditor General issued the following financial audit on May 1, 2024, involving Regional Office of Education No. 33 covering Henderson, Knox, Mercer, and Warren counties. Here are excerpts: * * * INTRODUCTION Our report covers the financial audit for the period ending June 30, 2023. * * * AUDITORS' OPINION Our auditors state the Regional Office of Education #33's financial statements as of June 30, 2023 are fairly presented in all material respe  more

Ill. Auditor General Issues Financial Audit on Regional Office of Education No. 48
SPRINGFIELD, Illinois, May 3 -- The Illinois Auditor General issued the following financial audit on May 1, 2024, involving Regional Office of Education No. 48 covering Peoria County. Here are excerpts: * * * INTRODUCTION Our report covers the financial audit for the period ending June 30, 2023. * * * AUDITORS' OPINION Our auditors state the Regional Office of Education #48's financial statements as of June 30, 2023 are fairly presented in all material respects. This financial audit was   more

Ill. Auditor General: 'Department of Innovation & Technology -- Financial Audit'
SPRINGFIELD, Illinois, May 3 -- The Illinois Auditor General issued the following financial audit on May 2, 2024, involving the Department of Innovation and Technology. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROLS OVER THE IMPLEMENTATION OF NEW STANDARD The Department failed to exercise adequate controls to ensure the new standard, GASB Statement No. 96 - SubscriptionBased Information Technology Arrangements (SBITA), was properly implemented. Duri  more

Ill. Auditor General: 'DuQuoin State Fair -- Compliance Examination'
SPRINGFIELD, Illinois, April 30 -- The Illinois Auditor General issued the following compliance examination involving DuQuoin State Fair. Here are excerpts: * * * INTRODUCTION The DuQuoin State Fair (DSF), a function of the State of Illinois, Department of Agriculture, is responsible for compliance with the specified requirements for operations and transactions associated with the DSF. * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROLS OVER CAMPING REVENUES The DSF did   more

Ill. Auditor General: 'Illinois State Fair -- Compliance Examination'
SPRINGFIELD, Illinois, April 30 -- The Illinois Auditor General issued the following compliance examination involving the Illinois State Fair. Here are excerpts: * * * INTRODUCTION The Illinois State Fair (ISF), a function of the State of Illinois, Department of Agriculture, is responsible for compliance with the specified requirements for operations and transactions associated with the ISF. * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROLS OVER CONTRACTUAL AGREEMENTS   more

Ill. Auditor General: 'Illinois State University -- Compliance Examination'
SPRINGFIELD, Illinois, May 3 -- The Illinois Auditor General issued the following compliance examination on May 2, 2024, involving the Illinois State University. Here are excerpts: * * * INTRODUCTION This digest covers the Compliance Examination of Illinois State 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 digest coverin  more

Ill. Auditor General: 'Mid-Illinois Medical District Commission -- Compliance Examination'
SPRINGFIELD, Illinois, May 3 -- The Illinois Auditor General issued the following compliance examination on May 2, 2024, involving Mid-Illinois Medical District Commission. Here are excerpts: * * * INTRODUCTION This digest covers the State compliance examination of the Mid-Illinois Medical District Commission (Commission) for the two years ended June 30, 2023. There were no material findings of noncompliance disclosed during our examination. * * * ACCOUNTANT'S OPINION The accountants cond  more

Ill. Auditor General: 'Property Tax Appeal Board -- Compliance Examination'
SPRINGFIELD, Illinois, May 3 -- The Illinois Auditor General issued the following compliance examination on May 2, 2024, involving Property Tax Appeal Board. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS VOUCHER PROCESSING WEAKNESSES The Property Tax Appeal Board's (Board) internal controls over its voucher processing function were not operating effectively during the examination period. Due to our ability to rely upon the processing integrity of the Enterprise Resour  more

Ill. Auditor General: 'State Board of Elections -- Compliance Examination'
SPRINGFIELD, Illinois, April 30 -- The Illinois Auditor General issued the following compliance examination involving the State Board of Elections. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS VOUCHER PROCESSING INTERNAL CONTROLS NOT OPERATING EFFECTIVELY The State Board of Elections' (Board) internal controls over its voucher processing function were not operating effectively during the examination period. Due to our ability to rely upon the processing integrity of   more

Ill. Senate Democrats Honor Fallen Police Officers at Springfield Ceremony
SPRINGFIELD, Illinois, May 3 -- The Illinois Senate Democrats issued the following news on May 2, 2024: Senate Democrats paid respect to police officers who have fallen in the line of duty at the Illinois State Police Officers Memorial in Springfield Thursday. "These brave men and women who made the ultimate sacrifice protecting their communities are the purest example of selfless duty," said State Senator Martwick (D-Chicago). "As we honor these fallen officers, we must recognize the lasting   more

Ill. Senate Democrats: American Cancer Society Addresses the State of Cancer in Illinois
SPRINGFIELD, Illinois, May 3 -- The Illinois Senate Democrats issued the following news on May 2, 2024: State Senator Julie Morrison and the American Cancer Society Cancer Action Network (ACS CAN) at a press conference Thursday to discuss the state of cancer and advocate for measures to tackle the deadly disease. "Increasing cancer awareness and sponsoring policy that positively impacts cancer statistics is a priority," said Morrison (D-Lake Forest). "Since 1990, cancer mortality rates have dr  more

Ill. Senate Democrats: Belt's Small Business Financing Transparency Act Passes Senate
SPRINGFIELD, Illinois, May 3 -- The Illinois Senate Democrats issued the following news on May 2, 2024: State Senator Christopher Belt moved a bill out of the Senate Thursday that would provide better financial protections for small businesses in the state. "There are small businesses around the state, especially in my community, that have faced challenges in accessing fair and transparent financing options that have allowed them to fall victim to predatory lending," said Belt (D-Swansea). "Th  more

Ill. Senate Democrats: Peters' Measure to Ban Bosses From Holding Mandatory Political and Religious Gatherings at Work
SPRINGFIELD, Illinois, May 3 -- The Illinois Senate Democrats issued the following news: State Senator Robert Peters advanced legislation out of the Senate Thursday to ban employers from requiring workers to attend meetings regarding political or religious matters. "The National Labor Relations Board's top lawyer suggested that mandatory meetings about unions, politics or religion should be illegal under federal labor laws," said Peters (D-Chicago). "If they are not going to take action, we wi  more

Ill. Senate Democrats: Simmons Advances Bill to Create Board to Tackle Health Care Disparities
SPRINGFIELD, Illinois, May 3 -- The Illinois Senate Democrats issued the following news: Simmons advanced legislation through the Senate, which will create a Health Outcomes Review Board to identify and tackle healthcare disparities. "The findings of the Health Outcomes Review Board will be vital in developing and targeting policy solutions that can improve health outcomes, improve the quality of life for many, reduce health care costs and save lives," said Simmons (D-Chicago). "Whether it's t  more

Ill. Senate Democrats: Simmons Holds Hearing to Highlight the Increase in Suicide Rates in Black Communities Across Illinois
SPRINGFIELD, Illinois, May 3 -- The Illinois Senate Democrats issued the following news on May 2, 2024: In tandem with the beginning of Mental Health Month, State Senator Mike Simmons organized a subject matter hearing at the State Capitol to look at the increase in suicide rates in African-American communities across Illinois. "I am deeply thankful to the people who traveled here today. It was the first time that several of our witnesses had ever been to the State Capitol," said Simmons. "Som  more

Ill. Senate Democrats: Sims Recognizes May 1 as Alpha Phi Alpha Day
SPRINGFIELD, Illinois, May 3 -- The Illinois Senate Democrats issued the following news: Senator Elgie Sims proclaimed May 1, 2024 as Alpha Phi Alpha Day- recognizing the significant contributions made by the fraternity, particularly in the areas of service, leadership and community empowerment. "I am proud to recognize Alpha Phi Alpha for their unwavering dedication to uplifting communities and fostering positive change," said Sims (D-Chicago). "Their commitment to service and excellence serv  more

Kirkland Advises Knox Lane on Partnership With All Star Healthcare Solutions
CHICAGO, Illinois, May 4 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Knox Lane, a growth-oriented investment firm, on its acquisition of a majority stake in All Star Healthcare Solutions, a premier, full-service healthcare staffing firm focused exclusively on the locum tenens market. All Star's founders and management team will reinvest alongside Knox Lane and continue to own a significant minority stake in the company going forward. The partn  more

Kirkland Represents HarbourVest Partners, LGT Capital Partners on Investment in ChrysCapital Continuation Vehicle
CHICAGO, Illinois, May 4 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised HarbourVest Partners and LGT Capital Partners as lead investors in a c.$700 million single-asset continuation vehicle managed by ChrysCapital, which acquired ChrysCapital VI's stake in the National Stock Exchange of India. The Kirkland team was led by investment funds partners Damian Jacobs and Michelle Cheh, and included tax partner Alec Campbell. * * * Original text here:  more

Lewis University Receives Almost $1 Million to Close Skill Gap in Semiconductor Manufacturing
ROMEOVILLE, Illinois, May 3 (TNSres) -- Lewis University issued the following news release: The U.S. Congress has finalized Community Project Funding of $950,000 for Lewis University secured by Representative Lauren Underwood (IL-14) in the 2024 appropriations bills. The funding supports innovation in semiconductor manufacturing through research at Lewis University's state-of-the-art semiconductor innovation and workforce development center. Lewis University faculty, students and semiconductor  more

MAYER BROWN HONORED BY THE CHILDREN'S VILLAGE
CHICAGO, Illinois, May 4 -- Mayer Brown, a law firm, issued the following news: Mayer Brown was honored by New York-based nonprofit The Children's Village (CV) at the organization's annual gala. The firm was recognized for its longstanding partnership with CV. This partnership includes providing financial support, pro bono services, and the implementation of an innovative mentoring program. "It's an honor to be recognized by an organization that means so much to our Mayer Brown community," sai  more

MCDERMOTT WILL & EMERY REPRESENTS SUNLAND MEDICAL FOUNDATION IN ITS SALE TO COLUMBIA MEDICAL CENTER OF PLANO SUBSIDIARY
CHICAGO, Illinois, May 4 -- McDermott Will and Emery, a law firm, issued the following news release: International law firm McDermott Will & Emery advised Sunland Medical Foundation (Sunland) d/b/a Trinity Regional Medical Center Sachse and its wholly owned subsidiary, 4750 GHW Bush Land Holdings LLC, through its chapter 11 process. Sunland completed a successful sale and confirmation of assets and transferred its operations to Columbia Medical Center of Plano Subsidiary, L.P., a wholly owned s  more

NORTHERN TRUST NAMED BEST PRIVATE BANK IN U.S. FOR DIGITAL WEALTH PLANNING, DIGITAL INNOVATION
CHICAGO, Illinois, May 4 -- Northern Trust, an international financial services company, issued the following news release: Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from the Financial Times and PWM's Wealth Tech Awards: Best Private Bank in the US for Digital Wealth Planning, and Best Digital Innovator of the Year in the US. The Wealth Tech Awards recognize and celebrate technology innovation in the wealth management industry. The  more

Northwestern: Do Earthquake Hazard Maps Predict Higher Shaking Than Actually Occurred?
EVANSTON, Illinois, May 3 (TNSres) -- Northwestern University issued the following news release: A new study by Northwestern University researchers and coworkers explains a puzzling problem with maps of future earthquake shaking used to design earthquake-resistant buildings. Although seismologists have been making these maps for about 50 years, they know very little about how well they actually forecast shaking, because large damaging earthquakes are infrequent in any area. To learn more, the  more

Northwestern: This Algorithm Makes Robots Perform Better
EVANSTON, Illinois, May 3 (TNSres) -- Northwestern University issued the following news release: * * * * New algorithm encourages robots to move more randomly to collect more diverse data for learning * In tests, robots started with no knowledge and then learned and correctly performed tasks within a single attempt * New model could improve safety and practicality of self-driving cars, delivery drones and more * * * Northwestern University engineers have developed a new artificial intellig  more

Union Pacific Shaves Two Days Off Los Angeles to Chicago Route With New Domestic Service
OMAHA, Nebraska, May 4 -- Union Pacific issued the following news release on May 3, 2024: Union Pacific Railroad announced today that it is offering a new domestic intermodal service that will cut transit time down to three days for customers transporting goods from Southern California to the Chicago area. The new service, which began April 28, will run daily from Union Pacific's intermodal terminal at the City of Industry in California to Global 2 in Northlake, Illinois, located near the hear  more