Category: Blog

Illinois Supreme Court Finds Legal Malpractice Plaintiffs May Recover Punitive Damages Paid in Underlying Case
In Midwest Sanitary Service, Inc. v. Sandberg, Phoenix & Von Gontard, P.C., 2022 IL 127327, the Supreme Court addressed the certified question whether 735 ILCS 5/2-1115 or the public policy [...]
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Judge Rules Prejudgment Interest Statute Unconstitutional
Two cryptocurrency platforms have filed for bankruptcy protection, causing further concern in the digital assets market and demonstrating a new risk for investors. Voyager and Celsius both offered customers loans [...]
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What to do if you are investigated by IDFPR
Being investigated by the Illinois Department of Financial and Professional Regulation (IDFPR), regardless of whether you are a doctor, nurse, roofer, veterinarian or any of the many professionals that IDFPR [...]
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Commercial Lease Litigation: Lease Term Influences Landlord’s Damages Claim
In commercial real estate litigation, the lease provisions can influence claims for damages, as the Marol State, LLC v. Everlane, Inc., 2022 U.S. Dist. LEXIS 96180, case illustrates. When a [...]
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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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