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State Tipoffs Involving Illinois Newsletter for 2024-08-09 ( 9 items )  
ATTORNEY GENERAL RAOUL'S STATE FAIR TENT HIGHLIGHTS PUBLIC SAFETY, PROTECTING YOUNG PEOPLE FROM ONLINE THREATS (10)
CHICAGO, Illinois, Aug. 9 -- Illinois Attorney General Kwame Raoul issued the following news release on Aug. 8, 2024: Springfield -- Attorney General Kwame Raoul today encouraged Illinois families to visit his office's tent at the 2024 Illinois State Fair. Raoul's tent offers many free resources focused on enhancing public safety, including a display to educate parents and young people about online threats, such as sextortion, cyberbullying, sexting, and potential social and emotional dangers. more PR

Debevoise Advises CD&R in Its Acquisition of Illinois Tool Works' Non-Controlling Equity Stake in Wilsonart (10)
NEW YORK, Aug. 9 -- Debevoise and Plimpton, a law firm, issued the following news: Debevoise & Plimpton LLP is advising Clayton, Dubilier and Rice in the purchase of Illinois Tool Works' non-controlling equity stake in Wilsonart International Holdings LLC ("Wilsonart"). Wilsonart undertook a refinancing of $1.8 billion, consisting of a $1.1 billion Senior Secured Term Loan Facility, $500 million senior notes offering and a $250 million Senior Secured Revolving Facility. Wilsonart, an engineer more PR

Ill. Auditor General: 'Illinois Courts Commission - Compliance Examination' (10)
SPRINGFIELD, Illinois, Aug. 9 -- The Illinois Auditor General issued the following compliance examination on Aug. 8, 2024, involving the Illinois Courts Commission. Here are excerpts: * * * INTRODUCTION The Illinois Courts Commission became a separate State agency during Fiscal Year 2022. Therefore, this is the first examination and compliance report for the Commission. * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROLS OVER RECEIPT AND EXPENDITURE RECORDS The Commissio more PR

Ill. Auditor General: 'Illinois Emergency Management Agency & Office of Homeland Security - Compliance Examination' (10)
SPRINGFIELD, Illinois, Aug. 9 -- The Illinois Auditor General issued the following compliance examination on Aug. 8, 2024, involving the Illinois Emergency Management Agency and Office of Homeland Security. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROLS OVER RECEIPTS AND ACCOUNTS RECEIVABLE The Illinois Emergency Management Agency and Office of Homeland Security (Agency) did not exercise adequate controls over its receipts and refund processing and a more PR

Ill. Auditor General: 'Office of Treasurer, Illinois Funds - Financial Audit' (10)
SPRINGFIELD, Illinois, Aug. 9 -- The Illinois Auditor General issued the following financial audit on Aug. 8, 2024, involving Office of the Treasurer, the Illinois Funds. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE INTERNAL CONTROLS RELATED TO REVIEW OF FINANCIAL STATEMENTS The Office of the Treasurer (Office) had inadequate internal controls over the Office's Illinois Funds Program financial statement preparation and review process. During preparation of more PR

Kirkland Advises KKR on Acquisition of Majority Position in FGS Global From WPP (10)
CHICAGO, Illinois, Aug. 9 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis is representing KKR on its acquisition of WPP's full equity position in FGS Global (FGS), the global communications and public affairs consultancy. The proposed transaction is supported by FGS management, builds on KKR's initial minority investment in July 2023, and values FGS at $1.7 billion. As a result of the transaction, the equity interest of FGS's over 500 employee shareholder more PR

MA AG's Office Joins Coalition Supporting Minnesota Law That Prohibits Concealed Carry By Individuals Under 21 (10)
BOSTON, Massachusetts, Aug. 9 -- Massachusetts Attorney General Andrea Joy Campbell issued the following news release: The Massachusetts Attorney General's Office (AGO) has joined a coalition of 19 attorneys general urging the U.S. Circuit Court of Appeals for the 8th Circuit to revisit an opinion that struck down a Minnesota law prohibiting individuals under the age of 21 from carrying concealed handguns in public. The coalition, led by Illinois Attorney General Kwame Raoul, filed an amicus br more PR

Mayer Brown Advises CEMEX on Sale of Operations in the Dominican Republic (10)
CHICAGO, Illinois, Aug. 9 -- Mayer Brown, a law firm, issued the following news: Mayer Brown represented CEMEX S.A.B. de C.V. in the sale by Sunbulk Shipping, S.L.U, a Spanish subsidiary of CEMEX, of all of the shares it owns in Cemex Dominicana, S.A. and Transportes San Pedro, SRL to a consortium led by Cementos Progreso Holdings, S.L. for total consideration of approximately $950 million. The transaction will affect the sale of the entirety of CEMEX's cement, concrete, and aggregates busines more PR

Mayer Brown Advises Goldman Sachs Bank on Debt Financing to Stori (10)
CHICAGO, Illinois, Aug. 9 -- Mayer Brown, a law firm, issued the following news: Mayer Brown represented Goldman Sachs Bank USA in a $107 million structured warehouse facility granted to a special purpose vehicle for the acquisition of receivables originated by Stori, the pioneering Mexican startup dedicated to revolutionizing consumer finance with a suite of groundbreaking products and services. This latest injection of capital will accelerate Stori's progress towards its mission of democrati more PR