Employee Owes Fiduciary Duty to Employer and Cannot Misappropriate a Corporate Opportunity June 5, 2019 The Illinois Appellate Court has reiterated what the Illinois Supreme Court said a few years ago: Employees of a corporation owe...
The Board Made a Wrong Decision – Can (Should) it be Held Liable? May 16, 2019 The board of directors made the decision to acquire a company for $100 million. The negotiations and the due diligence...
When Silence Is Not Golden, A Cautionary Tale For Brokers May 9, 2019 Under the “Carmack Amendment,” a motor carrier (i.e. an entity providing transportation of cargo) is generally strictly liable for damages...
CCPA UPDATE May 1, 2019 While most businesses are aware, a surprisingly small number report that they will be ready to comply with the California...
Illinois Minimum Wage Law Update – Higher Wages and Stiffer Penalties April 25, 2019 On February 19, 2019, newly elected Governor J.B. Pritzker fulfilled a campaign promise and signed legislation that will raise the...
Levin Ginsburg Welcomes Roenan Patt to the Firm April 10, 2019 LEVIN GINSBURG is pleased to announce that Roenan Patt has joined the firm as an Associate in its Litigation Practice...
“For the times they are a-changing’.” Illinois Supreme Court rules that the Implied Warranty of Habitability does not apply to subcontractors. April 5, 2019 For over 30 years, since Minton v. Richards Group of Chicago, 116 Ill.App.3d 852 (1st Dist. 1983), subcontractors in Illinois...
LIBOR Rate Phase-out — What’s Next? March 6, 2019 Sometime in 2021, the most important benchmark for setting interest rates on commercial (and many variable rate residential) loans will...
“If You Give a Mouse a Cookie …” : Informational Rights of Minority Shareholders of Close Corporations and LLC Members in Illinois February 20, 2019 Nearly all shareholder and membership disputes begin with a minority shareholder or member suspecting mismanagement by the majority shareholders or...
Predictive Scheduling Legislation: What You Need To Know To Avoid Costly Surprises February 13, 2019 In approximately a dozen states and a number of smaller municipalities across the U.S., including Illinois and Chicago, initiatives have...
