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COUNTY OF COOK v. BEAR STEARNS & CO., INC.

No. 97022.

831 N.E.2d 563 (2005)

215 Ill.2d 466

294 Ill.Dec. 613

The COUNTY OF COOK ex rel. Robert F. RIFKIN et al., Appellants, v. BEAR STEARNS & COMPANY, INC., et al., Appellees.

Supreme Court of Illinois.

June 3, 2005.

Attorney(s) appearing for the Case

Clinton A. Krislov, Jason P. Stiehl, Chicago, for appellants.

Richard A. Devine, State's Attorney, Chicago (Patrick T. Driscoll, Jr., Paul A. Castiglione, Patrick M. Blanchard, Julie Ann Sebastian, Assistant State's Attorneys, of counsel), for appellee County of Cook.

Eric H. Grush, Chicago (A. Robert Pietrzak, Nicholas P. Crowell, Martin B. Jackson, New York, New York, of counsel), of Sidley, Austin, Brown & Wood, L.L.P., for appellee Bear Stearns & Co.

Stanley J. Parzen, James C. Schroeder, of Mayer, Brown, Rowe & Maw, L.L.P., Chicago, for appellee Ernst & Young, L.L.P.

Justice KILBRIDE delivered the opinion of the court:

This case presents questions of whether plaintiffs have standing to assert a cause of action on behalf of Cook County under article XX of the Code of Civil Procedure (735 ILCS 5/20-101 et seq. (West 1998)), and whether plaintiffs have standing to assert common law claims on behalf of the County. The circuit court of Cook County dismissed the complaint, finding article XX unconstitutional to the extent it...

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