News and Events

Results: 68 Article(s) Found.
Feb 23, 2012 04:57 PM

Mutual Bank Depositors Receive Equity Payments From Their Savings Deposits

Krislov Law obtains landmark recovery recognizing depositors as equity owners of mutual savings bank. While depositors in Credit Unions and Mutual Savings Banks are structurally regarded as the equity owners, never before has that equity ownership been recognized by the FDIC, to pay depositors any of the profits realized from seized institutions.

Jan 24, 2012 07:17 PM

Sarbanes Oxley Blackout Options Case - January 4, 2012 - U.S. District Court permits Employee Stock Option Case to proceed to trial and rules Stock Options are covered under the Illinois Wage Act

On the heals of a recent order compelling Defendant Navistar to produce discovery, the District Court denied Navistar's request for Summary Judgment on the major claims against it

Jan 24, 2012 04:03 PM

January 2012 - Consumer Protection: Gift Cards in Bankruptcy

Holders of Gift Cards issued by retail companies who file in bankruptcy may have priority rights. In groundbreaking consumer decision, Krislovlaw achieved class certification and priority treatment for holders of gift cards issued by The Sharper Image Company.


In re DVI, Inc. Securities Litigation

Representing institutional investors, we were appointed as sole lead and class counsel on behalf of both equity and debt securities purchasers in securities fraud litigation; to-date recovered over $21 million from certain inside and outside directors, paid from their own personal funds, certain third-parties and one of the company’s largest shareholders. We continue to vigorously pursue federal securities fraud claims against the company’s auditors and certain directors and officers.


Busuioc v. Citibank, N.A. and Lender Processing Services, Inc.

Action on behalf of homeowners/borrowers who had a mortgage foreclosure pursued against them by an entity who purportedly acquired ownership of the loan through a fraudulent assignment prepared by Lender Processing Services and/or its subsidiary DocX and who lacked standing to pursue the foreclosure. Prevailed on Citibank’s motion to dismiss pursuant to Illinois’ Citizens Participation Act.


LVNV Funding, LLC v. Trice

2011 IL App. (1st) 092,773 (action against debt collector who pursued collection against debtors without being licensed; prevailed in unlicensed debt collector’s motion for rehearing of Order affirming lower court’s decision to void debt collector’s judgment against debtor for lack of license). On November 30, 2011 LVNV’s petition for leave to appeal was denied.


Federal Judge Denies Defendants Sears, Roebuck & Co. and Electrolux Home Products Inc.'s Motion to Strike Class Allegations and Permits Plaintiff's Claims to Proceed

On September 3, 2010, The Honorable Claudia Wilken, United States District Court Judge for the Northern District of California, permitted Plaintiff Martin Murray to continue to assert his class claims against Defendants Sears, Roebuck & Co. and Electrolux Home Products, Inc. for violating various California consumer protection statutes as a result of Defendants' deceptive advertising practices.


In re TSIC, Inc., f/k/a The Sharper Image Corporation

Sharper Image Gift Card holders certified to proceed as a class claim in the Sharper Image bankruptcy. ​


DVI Inc. Securities Litigation

639 F.3d 623 (3d Cir. 2011) (affirming district court’s grant of class certification and rejecting auditor defendant’s challenges to loss causation and institutional investors’ adequacy and typicality to represent a Class of stock and bond purchasers)


Primax Recoveries Inc. v. Sevilla

324 F.3d 544 (7th Cir. 2003) (successfully argued to the Seventh Circuit that federal law did not preempt health insured’s state law claims seeking application of Illinois’ common fund doctrine to insurer’s reimbursement lien asserted against insured’s third-party recoveries; and that insurer’s strategic waiver in state court barred its claims in federal court). In 2011, after 15 years of litigation, the firm obtained full recovery for the class, plus pre- and post-judgment interest.

Results: 68 Article(s) Found.


Krislov Law

20 North Wacker Drive, Suite 1300
Chicago, IL 60606

Tel: 312.606.0500 | Fax: 312.606.0207

Photography by Ian Korer