Cadwalader allows sharing content.
Email to a friend or colleague:
From
To
Subject
Email On May 20, 2021, the Illinois Supreme Court finally put to rest a long-simmering challenge to the validity of around $14 billion of Illinois general obligation bonds. The Supreme Court unanimously affirmed, albeit on different grounds, a trial court’s August 2019 order denying a petition by a prominent political activist to file a lawsuit challenging those bonds. In affirming the trial court’s decision, the Supreme Court also reversed an intermediate appellate court’s August 2020 decision permitting the challenge to go forward. https://www.cadwalader.com/resources/clients-friends-memos/illinois-supreme-court-holds-challenge-to-go-bonds-is-barred-by-laches-but-avoids-underlying-constitutional-issues