Illinois Appellate Court Allows Attorneys’ Fees Against Defendants in LLC Member Dispute
In Tsai v. Karlik, 2022 IL App (1st) 2008845-U, the First District confronted the issue of whether a court could award attorneys’ fees in a dispute among LLC members.  Certain [...]
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Delaware Standing Issues in Shareholder Disputes
As pointed out in a recent Chicago Daily Law Bulletin article, in SDF Funding v. Fry, No. 2017-0732 (May 13, 2022), a Delaware Chancellor rejected a claim of equitable standing. [...]
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Michigan Supreme Court Holds that Directors Owe Fiduciary Duties to Shareholders in Cash-Out Mergers
In Murphy v. Inman, No. 161454 (April 5, 2022), directors of Covisint Corporation approved a cash-out merger with OpenText Corporation at a price of $2.45 per share and, the day [...]
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Trial Court in Cook County Rules Prejudgment Interest Statute Unconstitutional
On June 14, 2022, Tom Patterson and three panelists discussed “How to Minimize Business Risk and Maximize Rewards” at the General Counsel Midwest “SuperConference.” On the panel were Tamela Merriweather, [...]
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Trial Court in Cook County Rules Prejudgment Interest Statute Unconstitutional
Hat tip to the Chicago Daily Law Bulletin for reporting that Cook County Circuit Court Judge Marcia Maras ruled that the prejudgment interest law signed in 2021 is unconstitutional. The [...]
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Equitable Estoppel, Contracts, and Arbitration
When a husband signs an agreement to arbitrate disputes over a motor vehicle but his wife doesn’t, can the wife be forced to arbitrate? In Snyder v. Jack Schmitt Ford, [...]
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Insurance Coverage: The Importance of the Pleadings
In Nationwide Prop. & Cas. Ins. Co. v. State Farm Fire & Casualty Co., 2022 IL App (1st) 210267, the appellate court ruled that State Farm had a duty to [...]
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Catch-22 for Qi Qin:  How to Make it Difficult to Sue an LLC in Federal…
Absent a federal question, one can only sue in federal court if the disputants are citizens of different states and the amount in controversy is more than $75,000. Without a [...]
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Motion to Dismiss Legal Malpractice Claim on Statute of Limitations Denied
The Northern District of Illinois denied Mudd Law Offices P.C.’s (“Mudd Law”) motion to dismiss Michael Koumjian’s complaint for legal malpractice. Koumjian v. Mudd Law Offices P.C., et al., 21-cv-3455 [...]
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