News and Events

Results: 73 Article(s) Found.

Attention: Don’t throw out your Gift Cards with Bankrupt stores! Your gift cards may have a priority claim in the bankruptcy.

Attention: Don’t throw out your Gift Cards with Bankrupt stores! Your gift cards may have a priority claim in the bankruptcy. We’ve successfully pursued these in the past. In Sharper Image, we recovered 100% for gift card holders, forced a similar recovery in Radio Shack, and fought for Borders gift card holders all the way to the Supreme Court. If you have a gift card from Art Van, or J Crew, or any retailer that may go into bankruptcy, we'd welcome your call or email

Mar 31, 2016 09:54 PM

Victory in City Pension Reform Litigation!

Illinois Supreme Court rules that “Reform” Legislation slashing and deferring statutory increases is Unconstitutional!

Jul 29, 2015 09:01 PM

City Pension Reform Law Update: Judge Denies City's Motion to Stay Pending Appeal

Judge Rita Novak denied the City of Chicago's Motion to Stay Pending Appeal. The City sought a stay of the Order issued on Friday, July 24, 2015, in which Circuit Court Judge Rita Novak declared that the City Pension Reform law, Public Act 98-641, unconstitutionally reduces benefits protected by Illinois Constitution Article XIII, Section 5.


Burrow v. Sybaris Clubs Int'l.: Judge grants Plaintiff's motion for class certification

Judge grants Plaintiff's motion for class certification involving wiretapped telephone calls at the reservation desks of Sybaris Clubs International.


KrislovLaw settles with Bass Pro Shops for concealed carry training classes taught by Security Guard College

File your Claim before December 8, 2014 deadline! Continue reading for Notice and Claim Form.


Illinois Supreme Court Opinion in Kanerva v. Weems

On July 3, 2014, the Illinois Supreme court issued a very clear declaration in the State Retirees’ Healthcare case (Kanerva v. Weems), that all benefits which a participant enjoys from his or her membership in an Illinois government pension or retirement system are protected benefits, not just pension annuity payments.


Judge preliminarily approves settlement in Dahnka, et al. v. Wrigley Rooftops III, et al.

On May 21, 2014 and June 2, 2014, Judge Neil H. Cohen of the Circuit Court of Cook County, Illinois preliminarily approved certification of a settlement class and preliminarily approved settlement of gratuity claims and Illinois wage hour claims in the matter titled Dahnka, et al. v. Wrigley Rooftops III, et al.


United States District Judge denies Sybaris' Motion to Dismiss

On November 8, 2013, United States District Judge Harry D. Leinenweber denied Sybaris' motion to dismiss Burrow v. Sybaris Clubs International, Inc., et al., upholding claims including the Federal Wiretap Act.

Jan 14, 2014 04:54 PM

Krislov Awarded Second U.S. Patent for Digital Registration

On November 19, 2013 Attorney Clinton Krislov was awarded a second U.S. patent for digital registration and security-cloud applications.


City of Chicago v. "Korshak" Retiree Healthcare Litigation

Excerpt's of Clint Krislov's April 25, 2013 to Participants: April 25, 2013 City of Chicago v. “Korshak” Retiree Healthcare Litigation Urgent Notice to Participants Dear Participants, The time has come. We need to act, and we will need to build a warchest. The Bottom Line: 1. Circumstances have changed; we cannot just wait until June 30 to act. 2. We should have engagement letters from as many of you as possible, in each of the three categories.

Feb 07, 2013 11:05 PM

Krislov & Associates Ltd. Files Class Action Lawsuit Against WMS Industries, Inc.

Krislov & Associates, Ltd. announces a class action law suit filed against WMS Industries, Inc. in the Lake County Illinois Circuit Court, on behalf of all current owners of WMS Industries, Inc. (“WMS”) (NYSE: WMS) common stock.


Clint Krislov again named to Illinois Super Lawyers list

Clinton A. Krislov has been named to the Illinois Super Lawyers list as one of the top attorneys in Illinois for 2013. No more than 5 percent of the lawyers in the state are selected by Super Lawyers.​


September 7, 2012: Krislov Law issues second distribution to class members in DVI securities fraud case.

The fourth and fifth settlements were recently approved by the Court for distribution to class members. Distribution to class members went out on September 7, 2012.


Clint Krislov Reappointed Chair of Class Action Litigation Committee

Clint Krislov is reappointed Chair of the Chicago Bar Association's Class Action Litigation Committee for the 2012-2013 term. Clint has served at least six previous terms as Chair or Co-Chair of that Committee.


Krislov Law at the 7th Annual Illinois Public Employee Retirement Systems Summit

On May 30, 2012, Krislov Law attorneys Clint Krislov and Mike Karnuth presented at the 7th Annual Illinois Public Employee Retirement Systems Summit on the topics of “Due Diligence and Securities Litigation (Implementing Practices to Avoid Incurring Losses and to Identify and Pursue Recoverable Losses).”​

Jul 27, 2012 10:11 PM

Chicago Parking Meter Lease Litigation Update

As of July 11, 2012, the parties completed their summary judgment briefing. Read Plaintiffs' briefs here:

Feb 23, 2012 05:24 PM

Stinnette v. Fisher & Shapiro: Krislov Law successfully objected to inadequate settlement

Stinnette v. Fisher & Shapiro: Krislov Law successfully objected to inadequate settlement proposed by competing class plaintiff and defendant Fisher & Shapiro, which would have provided nominal damages under the FDCPA in exchange for a broad release of all viable claims.

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

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.


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.


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.


Ryan v. Gifford et al.

We were initial and co-lead counsel in Delaware Chancery Court derivative litigation challenging Maxim Integrated Products Inc.’s backdated employee stock option practices. The legal victory that we achieved in this case was ground-breaking in favor of investors and is considered the primary cited Delaware case on corporate governance. Ryan v. Gifford, 918 A.2d 341 (Del. Ch. Feb. 6, 2007)).


City of Chicago v. Korshak

In City of Chicago v. Korshak, 206 Ill.App.3d 968 (1st Dist. 1990) and Retired Chicago Police Ass’n v . City of Chicago, 7 F.3d 584 (7th Cir. 1992) (parallel state and federal cases), the Krislov firm forced the City of Chicago to continue a fixed-rate subsidized plan of retiree health care insurance for 21,000 annuitants and their families, and, despite setbacks during various periods, successfully had these claims restored by the Illinois appellate court. City v. Korshak, Ill.App. unpublished​


Cima v. WellPoint Healthcare Network

Complaint upheld against WellPoint and its Unicare and other affiliates, labeling their actions to grow by acquiring profitable healthcare systems while manipulating the insurance laws to re-rate or rid itself of those most in need of health insurance as “certainly immoral, oppressive, unethical and unscrupulous.”


Bryant and DelGado v. Bd of Election Commissioners

Krislov Law took the lead in pro bono litigation to enforce Illinois' prohibition on felons holding municipal office. Taking up the gauntlet against corruption in Illinois politics, we brought litigation challenging the Election Board’s determination to permit previously convicted felons from holding municipal office.


Zessar v. Helander

In another voting rights victory, the Krislov firm obtained class certification of a bi-lateral class of all absentee voters whose ballots were rejected without receiving notice until after the canvass of votes (so their votes were not counted) and against a defendant class of all 111 Illinois election authorities, ensuring that absentee ballot voters have uniform rights statewide.


City of Chicago v. Korshak & Retired Chicago Police Association v. City of Chicago

In litigation spanning over 16 years, we have fought for annuitants’ contractual rights to promised lifetime healthcare coverage. Ultimately obtained a settlement which ensures annuitant healthcare coverage through 2013 and beyond for Chicago Police, Firemen, Municipal Employees and Laborers


Cruz v. Blue Cross/Blue Shield of Illinois (FEHBA)

In parallel state and federal litigation over Blue Cross’s claimed reimbursement right against third-party recoveries, the firm obtained summary judgment for Plaintiff and a certified class in the state litigation and successfully vacated the Seventh Circuit’s judgment for Blue Cross before the United States Supreme Court, 126 S.Ct. 2964 (June 26, 2006). State law case settled for $1.5 million, providing full recovery to the certified class.


Coughlin v. Health Care Service Corp (ERISA)

Coughlin v. Health Care Service Corp., d/b/a Blue Cross Blue Shield of Illinois, 02 C0053 (N.D. Ill.) and Doyle et. al. v. Blue Cross Blue Shield of Illinois, 00CH14182 (Ill. Cir. Ct., Cook County) ($6.95 Million settlement and injunctive relief in coordinated cases of claims involving Blue Cross’s reimbursement practices).​


In re State Street Fixed Income Funds Litigation

We served as lead counsel for an individual opt-out claim for the Sisters of Charity of the Blessed Virgin Mary, Dubuque, Iowa in connection with their investment in commodities and mortgage-backed securities; recently obtained a favorable confidential settlement.

Dec 08, 2011 11:00 PM

Chicago Parking Meter Lease Litigation

IVI-IPO, et al. v. Lux, et al., No. 09 CH 28993 (Cir. Ct. Cook County, Ill.) (On September 11, 2009 Cook County Chancery Judge Richard Billik, Jr. found reasonable grounds and granted leave to file the Complaint challenging the City’s 75-year lease of the City Parking Meter System.


Chicago Parking Meter Lease Litigation: Judge denies City's motion to dismiss

Judge denies City’s motion to dismiss case to proceed on prohibition on delegating police powers to concessionaire.​


Maxim Corporate Backdating

Corporate Governance: Delaware Chancery Court approves second largest settlement in corporate backdating litigation.


Victory for Institutional and Individual Investors

In an important decision for investor protection and recoveries, the United States Court of Appeals for the Third Circuit affirms certification of class to proceed for DVI stock and notes purchasers against auditors and Directors and Officers.


U.S. Supreme Court Vacates Injunction

Consumer Victory: The United States Supreme Court vacates injunction against consumers that barred pursuit of class claims.


Ryan v. City of Chicago

148 Ill.App.3d 638 (1st Dist. 1986) and 274 Ill.App.3d 483 (1st Dist. 1995) (recovered over $32 million cash, $80 million total benefits, and fundamentally improved the handling of City pension tax levies, ending the City’s illegal use of pension tax levies for its own benefit).


Krislov v. Rednour

In the widely cited Krislov v. Rednour, Mr. Krislov successfully attacked Illinois’ ballot petition procedures that had previously prevented non-organization candidates from getting on the ballot.


In re Matter of Grand Jury Subpoena Duces Tecum

725 F.2d 1110 (7th Cir.1984) (establishing invalidity of subpoenas issued by U.S. Attorneys without Grand Jury authorization).


Shaper v. Tracy

97 Ohio App.3d 760 (1994), cert. denied, 116 S. Ct. 274 (1995) and 76 Ohio St. 3d 241, 667 N.E. 2d 368 (1996) (dormant Commerce Clause challenge to discriminatory state income taxation of only foreign-state municipal income).


Veterans Legal Defense Fund v Schwartz

Veterans Legal Defense Fund v. Schwartz, 330 F.3d 937 (7th Cir. 2003) (Veterans’ right to statutory preferential hiring for state job openings).


Brody v. Finch Univ. Chicago Medical School

After trial on the merits, the appellate court affirmed the trial court’s finding that an enforceable contract existed between students and the medical school and that the medical school breached contract; and that the medical school’s conduct implicated consumer protection concerns under Illinois’ Consumer Fraud Act.


Zazove v. Pelikan, Inc.

Zazove v. Pelikan, Inc., 326 Ill.App.3d 798, 761 N.E.2d 256 (1st Dist. 2001) (establishing Illinois jurisdiction over foreign producer of consumer products for consumer claims under stream of commerce concept.)


Ryan v. Gifford (Maxim Corporate Backdating)

In Delaware chancery litigation over option backdating, firm achieved landmark settlement, obtaining over $38 million in cash, repricing and repayments, plus corporate governance that affects both legitimate option grant and exercise practices, with unique transparency provisions to ensure that company’s financial statements will reflect what actually occurs.


Enzenbacher v. Browning Ferris Ind. of Ill.

Settled case involving trespass and nuisance issues related to landfill on behalf of neighbors of the landfill.


Montgomery v. Aetna Plywood

Won a judgment after a 3-week bench trial, and successfully completed a recovery of $7 million cash plus restored 20% ownership of company; doubled the Profit Sharing accounts of the 100 participants whose ESOP [Employee Stock Ownership Plan] had been redeemed out of the 95% ownership of their employer for less than half of fair value.


In re Prudential Securities Ltd. Partnership Sec. Litig.

Our Firm forced the disclosure of the internal “Locke Purnell” investigation report documenting the systemic fraud in Prudential’s “Direct Investment Group”, which led to our launching the “global civil RICO” case, which recovered more than $400 million for investors in all the rest of the 700+ Prudential limited partnerships.


Krislov Law named to RiskMetriics Groups SCAS 50

Krislov Law named to RickMetrics Group’s SCAS 50; as one of the top 50 firms in Securities Class Action Settlements for 2009.


Pavlik and Smithey v. Federal Deposit Insurance Company, et al.

Pavlik and Smithey v. Federal Deposit Insurance Company, et al., No. 10-cv-816 (N.D. Ill.); we sued the FDIC to force the agency to turn over some $2 million received from the wrongdoer in a massive check-kiting scheme at the Pilsen-based Universal Federal Savings Bank, seized by the FDIC.


Brown v. Universal Fidelity Corp., (n/k/a Universal Fidelity, L.P.)

Action against debt purchaser who unilaterally changed terms of agreements that uninsured motorists who were at fault in accidents with Allstate-insured drivers entered into with Allstate. Prevailed on motions to dismiss and summary judgment, and the case is currently proceeding despite debtor’s bankruptcy filing.


Ryan v. Consentino

Ryan v. Cosentino, 776 F. Supp. 386 (N.D. Ill. 1991), 793 F. Supp. 822 (N.D. Ill. 1992), and 1995 WL 516603 (N.D. Ill. August 24, 1995) ($14 million judgment obtained for corrupt loans to public officials in exchange for deposits of State monies without interest).


People ex rel. Sklodowski v. State

People ex rel. Sklodowski v. State, 284 Ill. App. 3d 809 (1st Dist. 1996), see also, 162 Ill.2d 117 (1994) and 182 Ill. 2d 220 (1997), we blocked the State’s conversion of $51 million from the State Pensions Fund to State general budget use, and initially established the courts’ power to compel State Officials to comply with statutory minimum contribution obligations for Illinois’ five funded retirement systems to correct a shortfall now totaling $3.4 billion.


Ryan v. City of Chicago

We recovered over $32 million cash, $80 million total benefits, and fundamentally improved the handling of City pension tax levies, ending the City's illegal use of pension tax levies for its own benefit.​


Mario Tricoci "Ethnic Hair Charge" Litigation

Settlement refunding charges for separate "ethnic" price list for salon services.


In re Illinois Bell

Firm recovered $3.5 million over disputed late charges and surcharges.


In re Commonwealth Edison 1990 Chicago Power Outages

The firm recovered $4 million for some 63,000 low-income customers for damages from extended power outages.​


DeGradi v. KB Holdings, Inc.

Obtained $3 million settlement from a toy store company who allegedly improperly manipulated product prices to the public.


Beckwith Place L.P. v. General Electric Co.

Certified nationwide class against General Electric arising from dishwashers containing a defective switch causing fires; case settled.


In re Starlink Corn Products

Lead counsel for consumer claims arising from the dispersion of the genetically engineered Starlink™ corn strain into human food products; $9 million settlement for consumers.


In re Jacuzzi Brands S'holder Litig

In re Jacuzzi Brands Shareholder Litig., C.A. No. 2477-CC (Del. Ch.) (on executive committee to achieve settlement based on corporate therapeutics and reduction in the termination fee in connection with Apollo Management Co.’s takeover of Jacuzzi Brands).


Gosselin v. First Trust Advisors, L.P.

Gosselin v. First Trust Advisors, L.P.


Smith v. The ServiceMaster Co.

Smith v. The ServiceMaster Co., C.A. No. 2924-VCS (Del. Ch.) (lead counsel in achieving therapeutic settlement in connection with Clayton Dubilier & Rice’s takeover of The ServiceMaster Company).


Ryan v. John H. Harland Co.

Ryan v. John H. Harland Co., No. 2007 CV 128712 (Fulton County, Ga.) (lead counsel in achieving disclosure settlement in connection with its takeover by M&F Worldwide Inc.).


Gavin v. AT&T Corp.

Corporation charged shareholders for delivery of stock certificates in connection with a merger when shareholders could have obtained certificates for free. The Seventh Circuit Court of Appeals reversed the district court’s dismissal, pursuant to the Securities Litigation Uniform Standards Act, because the exchange of stock certificates was not sufficient in connection with the merger that caused the stock certificate exchange.


Sumitomo Bank of California

We served as co-lead counsel in an underpriced bank takeover, challenged in California state court, which produced $4 million recovery for shareholders.


Malone v. Brincat

Malone v. Brincat, 722 A.2d 5 (Del. Sup. Ct. 1998) (establishing actionable director fiduciary duties of accurate disclosure of financial information to shareholders; rejecting claims being barred by federal securities laws; case was related to Mercury Finance Company sub-prime lender litigation).


In re Mercury Finance Co. Securities Litigation

Coordinated federal, state, and bankruptcy proceedings in the Northern District of Illinois. We served as lead counsel of state law securities fraud purchasers from failure of Lake Forest-based subprime auto lender. Helped lead multi-constituent claimant group through bankruptcy and federal securities litigation and arbitration, which recovered over $50 million for all, for a class which comprised of stock and bond purchasers, holders, direct and derivative claimants.


In re Safety-Kleen Rollins Shareholder Litigation

We served as co-lead counsel on behalf of former Rollins Environmental Services, Inc. shareholders bringing claims against waste disposal company, Safety-Kleen Corp. and its predecessor, Laidlaw Environmental Services, Inc. (LESI), its officers and directors, and outside auditors, for their issuance of a false and misleading Proxy Statement issued to Rollins shareholders as part of a reverse acquisition of Rollins by LESI. After prevailing against numerous legal challenges raised by defendants,​


In re Prudential-Bache Energy Income Partnerships Litigation

We were lead objectors counsel that blocked the initial unfair “roll-up” of $500 million oil and gas partnership settlement into an entity to be controlled (and owned some 30%) by the same individuals whose fraud upon the limited partners is what gave rise to the litigation in the first place, uncovered core wrongdoing at Prudential ’s Direct Investment Group, forced auction of properties, and actually


In re BankAmerica Securities Litigation

We served as Executive Committee Member and second chair firm on behalf of the BankAmerica investors, pursuing 10b-5 and 14(a) securities fraud claims against defendants involved in fraudulent merger between Nationsbank and Bank of America, producing $163 million portion of $490 million overall recovery.​

Results: 73 Article(s) Found.


Krislov Law

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Chicago, IL 60606

Toll Free:  855.263.3025

Tel: 312.606.0500 | Fax: 312.739.1098

Photography by Ian Korer