Bruce Rauner

Lawsuit Rauner fought to keep sealed alleges $15 million return 'apparently is not enough'

Lawsuit Rauner fought to keep sealed alleges $15 million return 'apparently is not enough'

While Gov. Bruce Rauner says he has no day-to-day involvement in managing his investments, he allegedly took meetings in 2015 — one on the back porch of the governor’s mansion in Springfield — about an investment he made before becoming Illinois’ chief executive, according to a lawsuit unsealed Tuesday.

The investment in a Michigan mortgage company earned $15 million for the governor, who worked in private equity before taking office. But that “apparently is not enough for Rauner,” according to the lawsuit, filed by a former investment partner.

Harreld N. “Kip” Kirkpatrick III, a onetime Democratic candidate for state treasurer, and Kirkpatrick Capital Partners sued Rauner...

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