Illinois

Illinois Homeowners Fight Back as Controversial Tax Sale Practices Face Legal Challenges

by

CHICAGO — An obscure practice in Illinois that allows private investors to seize millions in homeowner equity is increasingly facing legal scrutiny. This practice, long utilized by county treasurers, involves selling unpaid property tax debts to private firms, which can in turn take ownership of homes when homeowners fail to pay their debts and interest. Under this system, homeowners find themselves at risk of losing the full value of their properties, despite often owing only a small fraction of that amount. The rising rate of lawsuits against this practice highlights the growing concern over its … Read more

Rising Star Janet Coscino Honored as One of Illinois’ Top Young Attorneys for Excellence in Private Equity Law

by

Chicago, Illinois — Private equity partner Janet Coscino has been named one of the “40 Under Forty Illinois Attorneys to Watch” in the 2025 edition published by Chicago Lawyer. This distinction recognizes the achievements of attorneys under 40 who demonstrate exceptional client service, leadership, and active involvement in their communities and the legal field. Coscino’s recognition stems from her impressive track record in navigating complex transactions for private equity sponsors and strategic buyers, where she consistently provides strategic and practical counsel from the initial agreements to the final closing. Her expertise in high-stakes deals has … Read more

Illinois Tax Sale System Faces Legal Reckoning as Supreme Court Ruling Sparks Calls for Reform

by

Illinois homeowners are facing significant challenges amid a legal upheaval that has emerged after a recent U.S. Supreme Court ruling deemed certain practices surrounding property tax sales unconstitutional. The ruling, which took effect in 2023, has cast a spotlight on a system that has allowed private investors to claim equity from homeowners who fall behind on their property taxes, raising concerns about the financial ramifications for counties. For many years, county treasurers across Illinois could collect unpaid property taxes by selling the debts to private entities. Homeowners who failed to pay back these debts could … Read more

Illinois Jury Delivers $6.05 Million Verdict in Landmark Trucking Accident Case

by

CARBONDALE, Ill. — A jury has delivered a verdict of $6.05 million in a civil case stemming from a trucking accident that has drawn significant attention in southern Illinois. The case highlights both the legal ramifications of trucking negligence and the profound impact of such incidents on victims and their families. The lawsuit originated from a collision involving a commercial truck and another vehicle on a busy stretch of highway. Evidence presented during the trial indicated that the truck driver had been operating the vehicle unsafely, and potentially in violation of state regulations. Testimony from … Read more