Share on LinkedInShare on LinkedIn

ARTICLE · 12 AUGUST 2020

Illinois Appeals Court Reignites GO Bond Challenge

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
Contributor
Hogan Lovells Cadwalader

Hogan Lovells Cadwalader

Hogan Lovells Cadwalader is a global law firm trusted by clients to deliver on complex, high-stakes...

View firm profile
Explore more from Hogan Lovells Cadwalader

On August 6, 2020, an Illinois appellate court ruled that a petition by political activist John Tillman seeking leave to invalidate approximately $16 billion of Illinois's general obligation bonds...

United StatesStrategy

On August 6, 2020, an Illinois appellate court ruled that a petition by political activist John Tillman seeking leave to invalidate approximately $16 billion of Illinois's general obligation bonds (“GO Bonds”) should be permitted to go forward.1 The Fourth District Appellate Court of Illinois reversed an August 2019 order by Judge Jack D. Davis, II,2 who had held that the challenged bonds did not violate a provision of the Illinois Constitution requiring long-term debt to be for a “specific purpose” and who had indicated more broadly that the validity of the bond issuances constituted “a non-justiciable political question.” The appellate court did not engage with Judge Davis's merits rulings, instead holding that the standard for granting leave to file a taxpayer suit requires only “a reasonable ground for the filing of a suit,” and that the standard was satisfied here because Tillman's complaint was not “frivolous or malicious” and Tillman's reading of the Illinois

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from