Illinois attorney general settles with Direct Energy over misconduct allegations

Illinois attorney general settles with Direct Energy over misconduct allegations

Attorney General Kwame Raoul announced a $12 million settlement with Direct Energy Services LLC over allegations of misconduct.

Citing growing list of duties, Illinois’ Raoul seeks a $15M increase in AG budget

SPRINGFIELD — Illinois Attorney General Kwame Raoul is asking state lawmakers for a $15 million increase in his General Revenue Fund budget for the upcoming year, saying his office needs a more “stable” system of funding as it takes on…

Attorney General Raoul Joins Lawsuit Against Private Equity Monopolization Of Critical Health Care Companies

CHICAGO – Attorney General Kwame Raoul, with Minnesota Attorney General Keith Ellison, today announced they have joined the Federal Trade Commission’s (FTC) lawsuit to block the acquisition of Surmodics Inc. (Surmodics) by GTCR BC Holdings LLC (GTCR) alleging that the deal, which seeks to combine the two largest manufacturers of critical medical device coatings, is anticompetitive. “The proposed acquisition of Surmodics by a private equity firm …

FTC Expands Lawsuit Against GTCR Over Surmodics Acquisition

WASHINGTON, D.C. — The Federal Trade Commission (FTC) has filed an amended complaint in its ongoing lawsuit challenging GTCR BC Holdings, LLC’s proposed acquisition of Surmodics, Inc. The states of Illinois and Minnesota have joined the FTC as co-plaintiffs, and GTCR, LLC has been added as a defendant in the case. The FTC alleges that the $1.75 billion acquisition would establish a dominant player in the market for outsourced hydrophilic coating…