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State Tipoffs Involving Illinois Newsletter for 2024-07-21 ( 20 items )  
Advanced Pharmaceutical Facility in Raleigh-Durham Sells (10)
CHICAGO, Illinois, July 20 (TNSres) -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets worked on behalf of the seller in the sale of 4018 Stirrup Creek * * * RALEIGH, N.C., July 19, 2024 -- JLL Capital Markets announced today the sale of 4018 Stirrup Creek, a 95,620-square-foot, state-of-the-art contract development and manufacturing facility located in Raleigh-Durham, North Carolina. JLL represented the selle more PR

Brightspeed Invests in Next Generation Services With Ribbon's Comprehensive Network Transformation Solution (10)
CHICAGO, Illinois, July 20 -- Ribbon Communications Operating Co. issued the following news release on July 18, 2024: * * * Secures operational excellence and continuity while driving down operational costs * * * Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, along more PR

Ill. Auditor General: 'Board of Higher Education - Compliance Examination' (10)
SPRINGFIELD, Illinois, July 16 -- The Illinois Auditor General issued the following compliance examination involving the Board of Higher Education. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS VOUCHER PROCESSING INTERNAL CONTROLS NOT OPERATING EFFECTIVELY The Board of Higher Education's (Board) internal controls over its voucher processing function were not operating effectively during the examination period. The Board implemented the Enterprise Resource Planning Sys more PR

Ill. Auditor General: 'Department of Revenue - Financial Audit' (10)
SPRINGFIELD, Illinois, July 16 -- The Illinois Auditor General issued the following financial audit involving the Department of Revenue. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROL OVER SERVICE PROVIDERS The Department of Revenue (Department) had not implemented adequate internal controls over its service providers. We performed testing of four service providers identified by the Department. The Department utilized service providers for mail proce more PR

Ill. Auditor General: 'General Assembly Retirement System of State of Illinois - Compliance Examination' (10)
SPRINGFIELD, Illinois, July 16 -- The Illinois Auditor General issued the following compliance examination involving General Assembly Retirement System of the State of Illinois. Here are excerpts: * * * INTRODUCTION This digest covers the State compliance examination of the General Assembly Retirement System of the State of Illinois (System) for the two years ended June 30, 2023. A digest covering the System's financial audit as of and for the year ended June 30, 2023, was previously release more PR

Ill. Auditor General: 'Illinois Community College Board - Compliance Examination' (10)
SPRINGFIELD, Illinois, July 16 -- The Illinois Auditor General issued the following compliance examination involving the Illinois Community College Board. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROLS OVER INITIATING AND MONITORING GRANTS The Board did not exercise adequate controls over initiating and monitoring grant agreements. We tested 60 grant agreements from 24 of the Board's grant programs active during Fiscal Years 2022 and 2023 and noted  more PR

Ill. Auditor General: 'Illinois Supreme Court - Compliance Examination' (10)
SPRINGFIELD, Illinois, July 18 -- The Illinois Auditor General issued the following compliance examination involving the Illinois Supreme Court. Here are excerpts: * * * INTRODUCTION Our compliance examination of the Supreme Court included Appellate Court Districts 1-5. * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROLS OVER THE REVIEW OF INTERNAL CONTROLS OVER SERVICE PROVIDERS The Court had not implemented adequate internal controls over its service providers. We sel more PR

Ill. Auditor General: 'Judges' Retirement System of State of Illinois - Compliance Examination' (10)
SPRINGFIELD, Illinois, July 16 -- The Illinois Auditor General issued the following compliance examination involving Judges' Retirement System of the State of Illinois. Here are excerpts: * * * INTRODUCTION This digest covers the State compliance examination of the Judges' Retirement System of the State of Illinois (System) for the two years ended June 30, 2023. A digest covering the System's financial audit as of and for the year ended June 30, 2023, was previously released on February 29,  more PR

Ill. Auditor General: 'Office of Comptroller General Assembly - Compliance Examination of Other Post-Employment Benefits Census Data' (10)
SPRINGFIELD, Illinois, July 18 -- The Illinois Auditor General issued the following compliance examination of other post-employment benefits census data involving the Office of the Comptroller - General Assembly. Here are excerpts: * * * INTRODUCTION This digest covers the Compliance Examination of Census Data for other post-employment benefits (OPEB) for the Office of Comptroller - General Assembly House of Representatives and Senate (Office) as of and for the year ended June 30, 2022. Our more PR

Ill. Auditor General: 'Office of Comptroller General Assembly - Compliance Examination of Pension Census Data' (10)
SPRINGFIELD, Illinois, July 18 -- The Illinois Auditor General issued the following compliance examination of pension census data involving Office of the Comptroller - General Assembly. Here are excerpts: * * * INTRODUCTION This digest covers the Compliance Examination of Census Data for pensions for the Office of Comptroller - General Assembly House of Representatives and Senate (Office) as of and for the year ended June 30, 2023. Our Special Assistant Auditors for the General Assembly Ret more PR

Ill. Auditor General: 'Office of Governor - Compliance Examination' (10)
SPRINGFIELD, Illinois, July 18 -- The Illinois Auditor General issued the following compliance examination involving the Office of the Governor. Here are excerpts: * * * INTRODUCTION Because of the significance and pervasiveness of the findings described within the report, we (West and Co., LLC) expressed an adverse opinion on the Office's compliance with the specified requirements which comprise a State compliance examination. The Codification of Statements on Standards for Attestation Enga more PR

Ill. Auditor General: 'Southern Illinois University - Compliance Examination' (10)
SPRINGFIELD, Illinois, July 18 -- The Illinois Auditor General issued the following compliance examination involving the Southern Illinois University. Here are excerpts: * * * INTRODUCTION This digest covers Southern Illinois University's (University) Compliance Examination for the year ended June 30, 2023. Separate digests covering the University's Financial Audit and Single Audit were previously released on March 5, 2024 and March 28, 2024. In total, this report contains 17 findings, 2 of  more PR

Ill. Auditor General: 'State Employees' Retirement System of Illinois - Compliance Examination' (10)
SPRINGFIELD, Illinois, July 16 -- The Illinois Auditor General issued the following compliance examination involving the State Employees' Retirement System of Illinois. Here are excerpts: * * * INTRODUCTION This digest covers the State compliance examination of the State Employees' Retirement System of Illinois (System) for the two years ended June 30, 2023. A digest covering the System's financial audit as of and for the year ended June 30, 2023, was previously released on February 29, 2024 more PR

Ill. Auditor General: 'Supreme Court of Illinois - Compliance Examination of Other Post-Employment Benefits Census Data' (10)
SPRINGFIELD, Illinois, July 18 -- The Illinois Auditor General issued the following compliance examination of other post-employment benefits census data involving the Supreme Court of Illinois. Here are excerpts: * * * INTRODUCTION This digest covers the Compliance Examination of Census Data for other post-employment benefits (OPEB) for the Supreme Court of Illinois (Court) as of and for the year ended June 30, 2022. Our Special Assistant Auditors for the Judges' Retirement System of the St more PR

Ill. Auditor General: 'Supreme Court of Illinois - Compliance Examination of Pension Census Data' (10)
SPRINGFIELD, Illinois, July 18 -- The Illinois Auditor General issued the following compliance examination of pension census data involving the Supreme Court of Illinois. Here are excerpts: * * * INTRODUCTION This digest covers the Compliance Examination of Census Data for pensions for the Supreme Court of Illinois (Court) as of and for the year ended June 30, 2023. Our Special Assistant Auditors for the Judges' Retirement System of the State of Illinois (System) were engaged to perform cen more PR

Kirkland Advises Commure on Take-Private Acquisition of Augmedix (10)
CHICAGO, Illinois, July 20 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland advised Commure, Inc., a General Catalyst portfolio company, on signing a definitive agreement for the take-private acquisition of Augmedix, Inc., a firm focused on ambient AI medical documentation and data solutions. Commure, Inc. will leverage synergies from the acquisition to continue to grow its platform in healthcare technology. The acquisition was announced July 19, 2024 and is sched more PR

Kirkland Advises Evolution AB on Galaxy Gaming Acquisition (10)
CHICAGO, Illinois, July 20 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Swedish casino game provider Evolution AB (EVO:STO) on the acquisition of Galaxy Gaming Inc., which was announced July 18, 2024. Galaxy Gaming is a leading developer and distributor of innovative casino table games and enhanced gaming technology solutions. The transaction will help Evolution solidify its presence in the U.S. market and enhance its position as a leading lice more PR

MCDERMOTT WILL & EMERY ADVISES HF PRIVATE DEBT-BACKED BIONEXX ON SALE OF BELIVE TO USP GROUP (10)
CHICAGO, Illinois, July 20 -- McDermott Will and Emery, a law firm, issued the following news release: Munich, July 19, 2024 - McDermott Will & Emery represented HF Private Debt-backed BioneXX Holding GmbH on the sale of its subsidiary Nat4Life America Inc, known under the BeLive brand, to the USP Group. BioneXX, headquartered in Frankfurt/Main, Germany, offers a wide range of natural food supplements and organic phytovitamins and is a market leader in Germany, France, Austria and Switzerland  more PR

MCDERMOTT WILL & EMERY ADVISES KRUGER GROUP ON ACQUISITION OF HERMES SUSSSTOFF (10)
CHICAGO, Illinois, July 20 -- McDermott Will and Emery, a law firm, issued the following news release: Dusseldorf, July 19, 2024 - McDermott Will & Emery has advised the Germany-based KRUGER GROUP on the acquisition of Hermes Sussstoff AG based in Zurich, Switzerland. The KRUGER GROUP and its subsidiaries have long been active along the entire production chain for sweeteners and have a global network. With the acquisition of Hermes Sussstoff AG from the Klosterfrau Healthcare Group, the KRUGER more PR

Rep. Sharon Chung Enacts Reforms to Make Healthcare More Affordable, Expand Access to Care (10)
SPRINGFIELD, Illinois, July 20 -- The Illinois House Democrats issued the following news: BLOOMINGTON, Ill. - Illinois families will have access to better and more affordable healthcare coverage under new laws backed by state Rep. Sharon Chung, D-Bloomington, aiming to reduce costs and hold big insurance companies accountable. "Securing affordable healthcare for every member of our community is not optional," Chung said. "The choice between buying groceries and paying for a vital medical proce more PR