Illinois Attorney General Lisa Madigan is suing Standard & Poor's, accusing the rating agency of inflating grades given to risky mortgage-backed investments during the years leading up to the crash of the housing market.The lawsuit alleges the agency compromised its independence by issuing high ratings for unworthy or risky investments as part of a strategy to boost revenue and market share.
Illinois Attorney General Lisa Madigan is asking the US Federal Energy Regulatory Commission to examine how Exelon Corp.'s $7.98 billion takeover of Constellation Energy Group Inc. might affect the state's power markets.
The state's top attorney says the governor did the right thing when he stripped down legislation to expand gambling in Illinois. Attorney General Lisa Madigan said she was concerned from the beginning about the “enormous expansion” of gambling in Illinois.
In the months leading up to the Illinois Legislature’s approval of a bill that would have increased electric rates statewide, utility giants Commonwealth Edison and Ameren and their executives and affiliates gave more than $1.3 million to campaign funds benefitting state lawmakers and their party organizations, an analysis by the Better Government Association has found.
Illinois Attorney General Lisa Madigan filed lawsuits Tuesday against companies she says are running fraudulent mortgage rescue schemes. Some Chicago area companies and licensed attorneys allegedly charged consumers as much as $375,000 to help homeowners avoid foreclosure.
