Cook County suburbs file opioid lawsuit against pharma companies, local doctors – Chicago Tribune

Ten Cook County towns and a central Illinois city are suing pharmaceutical companies and a trio of suburban doctors, claiming they contributed to the opioid epidemic that has claimed local lives and drained government coffers.

The suit, filed Wednesday morning in Cook County Circuit Court, is similar to those brought earlier by Chicago, Cook County and the collar counties.

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A narrow win for bondholders still sets an ominous precedent in Illinois – The Bond Buyer

Harvey, Illinois, revenue bondholders won a partial victory this week when the state comptroller concluded they will continue to get first crack on local home rule sales tax collections.

But the comptroller’s ruling sets a precedent that is worrisome for many other local bondholders around the state who fear they will fall behind pension funds in competition for a limited pot of revenue.”

Holders of the Harvey’s $6 million Hotel-Motel Sales Tax Revenue Bonds issued in 2008 will continue to receive the city’s home rule taxes collected on its behalf by the state — likely enough to cover debt service.

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