CHICAGO — Chicago officials believe a lawsuit filed this week by a Chicago-area citizens group seeking to void the city's controversial $1.12 billion, 75-year lease of its parking meter system is without merit.

The Independent Voters of Illinois-Independent Precinct Organization filed the lawsuit in Cook County Circuit Court on Wednesday. The group is being represented by Clint Krislov, of Krislov & Associates Ltd., which pursued a series of yield-burning lawsuits against investment banks in Chicago over Illinois deals.

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