Thursday - November 28, 2024
State Tipoffs Involving Illinois Newsletter for Tuesday August 27, 2024 ( 12 items )  

ARSEN KOURINIAN NAMED A 2024 'LAWYER ON THE FAST TRACK' BY THE RECORDER
CHICAGO, Illinois, Aug. 27 -- Mayer Brown, a law firm, issued the following news: Mayer Brown partner Arsen Kourinian was named a 2024 "Lawyer on the Fast Track" by The Recorder. The award recognizes "lawyers under the age of 40 who are undoubtedly the next generation of legal leaders," according to the publication. Based in Los Angeles, Arsen was recognized for his extensive experience practicing in the field of artificial intelligence (AI) and data privacy for over a decade. He advises multi  more

ATTORNEY GENERAL RAOUL ANNOUNCES $82.5 MILLION PROPOSED SETTLEMENT WITH VARSITY BRANDS
CHICAGO, Illinois, Aug. 27 -- Illinois Attorney General Kwame Raoul issued the following news release on Aug. 26, 2024: * * * Raoul Urges Purchasers of Cheer Competitions, Camps, Apparel to Enroll for Notifications On Submitting Reimbursement Claims * * * Attorney General Kwame Raoul today announced Illinois has joined an $82.5 million proposed antitrust settlement with Varsity Brands (Varsity). As a result, Illinois consumers who paid to participate in Varsity Brands' cheer competitions or   more

Energy Regulatory Partner Damien Lyster Joins Kirkland
CHICAGO, Illinois, Aug. 27 -- Kirkland and Ellis, a law firm, issued the following news release on Aug. 26, 2024: Kirkland & Ellis announced today that Damien Lyster has joined the Firm as a corporate partner in the Energy Regulatory Practice Group. "Damien is an excellent lawyer and brings additional senior-level regulatory experience to Kirkland's market-leading energy and infrastructure practice," said Jon A. Ballis, Chairman of Kirkland's Executive Committee. "We're very excited to welcome  more

Governor Pritzker Awards $1.5 Million in Grant Funding to Job Training and Economic Development Teacher Apprenticeship Program Recipients
SPRINGFIELD, Illinois, Aug. 27 -- Gov. JB Pritzker, D-Illinois, issued the following news release on Aug. 26, 2024: * * * Grant funding assists paraprofessional educators facing barriers to employment * * * Today, Governor JB Pritzker, the Illinois Department of Commerce and Economic Opportunity (DCEO) and the Illinois State Board of Education (ISBE) awarded $1.5 million in grant funding to three Illinois universities through the Job Training and Economic Development (JTED) Teacher Apprentic  more

Indonesian Court Hands Down 2nd Ruling in Favor of International Lenders Advised by Kirkland in Relation to PKPU Reorganization Process of Visi Media Group
CHICAGO, Illinois, Aug. 27 -- Kirkland and Ellis, a law firm, issued the following news release: On August 20, the Central Jakarta Commercial Court in Indonesia handed down another ruling in favor of international lenders advised by Kirkland & Ellis, where the Court has affirmed their right to vote their US$560 million claims in the PKPU reorganization process of the Visi Media Group. The Court has now twice ruled against the decision by the PKPU administrators to disenfranchise the voting rig  more

Kirkland Advises Bain Capital-Backed Varsity Brands on Sale to KKR
CHICAGO, Illinois, Aug. 27 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Bain Capital-backed Varsity Brands, a leader in team sports, athletics and spirit, on the sale of Varsity Brands by Bain Capital to KKR. As the new majority owner of Varsity Brands, KKR will support the company as it continues to grow its business. The Varsity Brands platform offers an extensive range of high-quality, customized solutions, services and experiences that sup  more

Kirkland Advises CenterOak Partners on Oversubscribed 3rd Fund at $1.1B Hard Cap
CHICAGO, Illinois, Aug. 27 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented CenterOak Partners LLC, a Dallas-based private equity firm, on the closing of CenterOak Equity Fund III, L.P. (Fund III or the Fund). The Fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion. The Fund's capital was largely committed by existing institutional investors, but it also attracted support from many new limited   more

McDermott Advises CV Real Estate on Restructuring of CANYON Project in Frankfurt
CHICAGO, Illinois, Aug. 27 -- McDermott Will and Emery, a law firm, issued the following news release: Frankfurt, August 27, 2024 - McDermott Will & Emery has advised the Munich-based project developer CV Real Estate Group on the entry of a new main investor in the CANYON office real estate project in Frankfurt am Main. The new majority shareholder is a joint venture with Tite Street Capital (London) as co-investor. CV Real Estate is withdrawing from the project. As part of a restructuring agr  more

New Biomaterial Regrows Damaged Cartilage in Joints
CHICAGO, Illinois, Aug. 27 (TNSres) -- Northwestern University's Feinberg School of Medicine issued the following news release: * * * A crucial component in joints, cartilage is notoriously difficult to repair * * * Northwestern University scientists have developed a new bioactive material that successfully regenerated high-quality cartilage in the knee joints of a large-animal model, according to results published in the Proceedings of the National Academy of Sciences. Although it looks li  more

NSF Awards $20 Million to Build AI Models That Predict Scientific Discoveries and Technological Advancements
CHICAGO, Illinois, Aug. 27 (TNSres) -- The University of Chicago issued the following news: * * * UChicago-led research team to create an AI-driven "global observatory and virtual laboratory" * * * By Tori Lee Prof. James Evans is building a treasure map. Buried underneath layers of data, he believes, are golden discoveries that could help us solve some of the world's biggest problems--from climate change to cancer research. The National Science Foundation has awarded the research team, l  more

NSF Awards DePaul, Sinai Chicago Researchers $1.5 Million to Reduce Hospital Re-Admissions
CHICAGO, Illinois, Aug. 27 (TNSres) -- DePaul University issued the following news release: * * * Project combines AI technology, human insight to advance health equity * * * Projects using artificial intelligence can often be perceived as automatically replacing human interaction with technology. Researchers at DePaul University and Sinai Chicago are challenging that assumption by partnering with community health workers to combine the predictive capabilities of AI with human insights. Th  more

Public trust in drinking water safety is low globally
EVANSTON, Illinois, Aug. 26 -- Northwestern University issued the following news release: A new study finds more than half of adults surveyed worldwide expect to be seriously harmed by their water within the next two years. Led by global health experts at Northwestern University and the University of North Carolina at Chapel Hill, the study sought to understand public perceptions of drinking water safety. Because perceptions shape attitudes and behaviors, distrust in water quality has a negati  more