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Illinois Attorney General Reports Collecting Nearly $1B

Moritz Wickendorf, Wikimedia Commons

Illinois Attorney General Lisa Madigan’s office says it collected nearly $1 billion revenue last year from settlements, fines and penalties.  

The sum includes Illinois’ $52.5 million share from a Standard and Poor’s settlement.  That settlement was over alleged misrepresentations about the processes it used to assign credit ratings to mortgage-backed securities that sparked the 2008 financial crisis. 

The total also includes $265 million in tobacco litigation and $320 million collected through cases, including state property damage and child support enforcement. 

The overall 2015 amount is down from the year before when it was a record $1.3 billion.  Madigan’s office says the number fluctuates, but averages $1 billion annual. 

The 2015 total doesn’t include Illinois’ $22.5 million share of Morgan Stanley’s national settlement, which was announced last month.  

Rob Canning is a native of Murray, KY, a 2015 TV Production grad of Murray State. At MSU, he served as team captain of the Murray State Rowing Club. Rob's goal is to become a screenwriter, film director or producer and looks to the likes of Quentin Tarantino and Guy Ritchie for inspiration. He appreciates good music, mainly favoring British rock n' roll, and approves of anything with Jack White's name on it. When not studying, rowing or writing, Rob enjoys spending his free time with a book or guitar.
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