Chicago Parking wants to escape prosecution over $ 1.16 billion contract

By Celeste Bott (September 28, 2021, 9:50 p.m. EDT) – An investment entity led by Morgan Stanley & Co. has urged an Illinois federal judge to file a lawsuit over a controversial deal that gives it control over the Chicago’s operation of the on-street pay parking system, claiming that plaintiffs have waited too long to file a lawsuit and present “only a general public policy grievance” and not a concrete injury.

Chicago Parking Meters LLC – a company that also includes Alliance Capital Partners and the Abu Dhabi Investment Authority – on Monday said in its motion to dismiss that the three Chicagoans who filed the lawsuit claim metered parking fees have increased since CPM’s $ 1.16 hike.

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific articles and topics and more!


Previous Bears defense, special teams were good enough to win in Cleveland – Pro Football Weekly
Next Five sure-fire ways to increase the price of your home