Illinois State Treasurer’s Office News Releases

SPRINGFIELD — Sprint will pay $2.3 million and provide the names of 32,000 customers who did not cash rebate checks sent to them between 2003 and 2011, Illinois State Treasurer Michael Frerichs and Sprint said today. The agreement resolves disputed claims in ongoing litigation, and there has been no finding of wrongdoing on the part of Sprint. The out-of-court settlement means Frerichs’ office can begin to locate individuals so that they can claim their check. These rebates typically were used as an incentive to purchase a data plan, product or…

SPRINGFIELD — Statewide hearings begin this week to better understand how life insurance companies avoid paying death benefits and what Illinois families can do to prevent themselves from being victimized after the death of a loved one, Illinois State Treasurer Michael Frerichs said today. Since 2011, the Illinois State Treasurer’s office has identified more than $550 million in death benefits that were not paid to grieving families in Illinois. Nationally, $7.4 billion has been identified. Frerichs established a task force that includes members of the General Assembly, Citizen Action Illinois,…