Mark Weinraub

6 days ago | chicagobusiness.com | Mark Weinraub

Longtime CME traders who claim the move to electronic trading cost them money are finally slated to get their day in court after a judge denied the exchange operator’s bid to shut down their lawsuit. The court this week rejected CME’s motion for summary judgment and its latest attempt to decertify the class in the 11-year-old suit, saying the exchange operator’s arguments were best left in the hands of a jury. (Read the ruling below).

6 days ago | chicagobusiness.com | Mark Weinraub

Jenner & Block urged a judge to deny the federal government's efforts to shut down its lawsuit against President Donald Trump, saying the president's executive order against the firm was “patently unconstitutional.”“The Order should be enjoined in its entirety because it suffers from overarching constitutional defects that affect every section,” Jenner wrote yesterday in its opposition to the government's motion to dismiss the case.

1 week ago | chicagobusiness.com | Mark Weinraub

Illinois has joined the U.S. Federal Trade Commission’s lawsuit looking to block private-equity firm GTCR’s purchase of medical device coatings maker Surmodics, saying the deal is anticompetitive. “The proposed acquisition of Surmodics by a private equity firm represents a troubling trend of wealthy investors attempting to limit competition and innovation in a market while extracting advantages that come from eliminating competitors,” Illinois Attorney General Kwame Raoul said in a statement.

1 week ago | chicagobusiness.com | Mark Weinraub

A group of partners have left the firm founded by long-established politico Gery Chico to start their own practice. As a smaller office, the new firm, called Leach King Klinger Law, or LKK Law, will be able to offer better client service, said Tim King, one of the founding partners. “We are a tighter group,” King told Crain’s in an interview. “We are hands-on, and it is kind of a changing of the guard.” Partners Jonathan Leach and William Klinger also are making the move.

1 week ago | chicagobusiness.com | Mark Weinraub

Private-equity firm GTCR sold payment processing firm Worldpay, a company it has held in its portfolio for less than two years, to Global Payments in a $24.25 billion deal. Under the terms of the deal, GTCR’s payment will consist of 59% cash and 41% stock for its 55% stake in Worldpay. The move will give Chicago-based GTCR 15% of Global Payment’s outstanding stock.