Can Businesses Count on Business Interruption Coverage to Combat COVID-19 Losses? May 27, 2020 When disaster such as fire, explosion, or other event strikes and damages a business to the point of interrupting operations, the...
The Force Majeure Clause in an Age of COVID-19 April 29, 2020 An often overlooked contract provision has now gained the spotlight in the wake of the COVID-19 pandemic. Parties to a...
Update on Federal COVID-19 Legislation March 19, 2020 Yesterday the President signed into law the Emergency Families First Coronavirus Response Act (H.R. 6201) (the “Act”) which provides for...
Don’t Let A Creditor Make It Personal November 20, 2019 As the owner of a corporation, when you set up your business, you and your lawyer believed that you had...
Estimates are Opinions, Not Fact and Not Actionable July 24, 2019 The internet has unquestionably provided unparalleled access to information to the public, both consumers and businesses, not seen since Johannes...
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...
“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...
“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...
