September 15, 2025 - 22:16

Multi-million dollar lawsuit settlements regarding police conduct typically receive pushback from some aldermen, but not in this case. The Chicago finance committee has approved a substantial $90 million settlement related to the actions of former police Sergeant Ronald Watts. This decision comes after years of legal battles and allegations of misconduct that have plagued the Chicago Police Department.
The settlement addresses claims made by multiple victims who accuse Watts and his unit of corruption, including false arrests and the planting of evidence. The approval signifies a significant step toward addressing the long-standing issues of police accountability in the city.
Aldermen expressed a mix of relief and concern over the financial implications of such a hefty payout, recognizing the need for reform within the police force. The settlement is expected to be finalized soon, marking a pivotal moment in the ongoing conversation about police reform and community trust in law enforcement.
July 30, 2026 - 19:24
SEC chair defends proposal to allow companies to report earnings only twice a yearSecurities and Exchange Commission Chair Paul Atkins has pushed back against critics of a proposal that would allow publicly traded companies to report their financial results only twice a year,...
July 30, 2026 - 03:18
Finance firms set to pour more into AI amid ‘data divide’ fearsA new survey reveals that most asset management firms are gearing up to significantly increase their investments in artificial intelligence over the next year. The push comes as the industry...
July 29, 2026 - 19:01
ECU Health appoints Brian Dunn as chief financial officer, effective immediatelyECU Health has appointed Brian Dunn, a certified public accountant, as its new chief financial officer, effective immediately. The health system announced the leadership change, placing Dunn in...
July 29, 2026 - 04:45
Corporation Commission candidate Ralph Heap faces campaign-finance probeAs a result of the probe, Heap has been locked out of his public campaign funding. The Clean Elections Commission is reviewing the details of the sign purchases and whether they violated any state...