Thomas Patterson Featured Speaker for NBI Webcast on Fiduciary Duties in LLCs

Chicago, IL– November 11, 2014 — Thomas Patterson of The Patterson Law Firm will be a keynote speaker for a National Business Institute (NBI) webcast entitled “Indemnification and LLCs,” discussing specifically the fiduciary duties in limited liability companies (LLCs) and ethics.

The webcast is set to air Tuesday, November 25, 2014.  The program focuses primarily on indemnity issues and explores fiduciary duties created by the common law, by statute, and by contract. The Uniform Limited Liability Act, the Revised Uniform Limited Liability Act, and similar statutes in Delaware, Illinois, and other states allow the parties to eliminate, modify, or define fiduciary duties in their operating agreement. These duties are often at issue when LLC members sue each other.

“This is a primary focus of our firm’s practice, so I was able to turn cases we have handled into useful hypotheticals for discussion,” Patterson said. “NBI is a first-class operation and I am proud to be a regular speaker for them.”

The seminar will be offered for Continuing Legal Education (CLE) credit to lawyers nationwide and will be webcast on Tuesday, November 25, 2014 from 9 a.m. to 4 p.m. (CDT). This is one of many webcasts to which Thomas has contributed. He has spoken previously for NBI on topics of breach of contract, restrictive covenants, and indemnity contracts.

NBI has been offering CLE courses since 1983. Their courses are offered in all 50 states and Puerto Rico and both in-person seminars and online video webcasts are available for CLE credit. The courses cover a wide range of relevant topics and are taught by experienced and well-known professionals.

The Patterson Law Firm, LLC undertakes challenging business lawsuits: emergency business litigation, insurance coverage controversies, shareholder and LLC-member disputes (business divorces), all types of breach of contract claims and legal malpractice and professional liability cases among other related commercial litigation matters. The attorneys at The Patterson Law Firm provide efficient and ethical representation for clients while counseling on effective business practices.

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