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Articles Posted in Closely Held Businesses

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Munroe-Diamond v. Munroe — Affirmative Defense Properly Asserted Improper Purpose to Deny Directors Inspection of Corporte Records– Chicago Minority Shareholder Opression Lawyers Near Naperville and Schaumburg

When two sisters, minority shareholders and directors of a moving company, were denied access to corporate books, the trial court erred in finding that, as corporate directors, they had absolute access to corporate records. Rather, they had presumptive access and the corporation was required to demonstrate that request for documents…

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Current Facebook Status: Shareholders Speak Up — Chicago Shareholder Rights and Shareholder Freeze Out Lawyers

In one of our previous blog posts, we looked into what Facebook was doing with the data of millions of users and profiting from it.  The CEO of Facebook, Mark Zuckerburg, was subject to scrutiny in his testimony and angered both users and shareholders. Since the Cambridge Analytica scandal, Facebook…

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Dispute Resolution in a Family Owned Business Context — Super Lawyers Near Oak Brook and Naperville

Disputes are a normal part of any relationship: be it business, personal or professional.  When business mixes with family, disputes would seem an unavoidable part of the deal.  For such a reason, litigation would be a route that most would want to avoid due to cost, time and the tensions…

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Illinois Court Sets Elements for Retaliatory Discharge Under False Claims Act in Partnership Dispute

A recent case in the Northern District of Illinois, Helfer v. Associated Anesthesiologists of Springfield (2016 WL 183501, addressed what a plaintiff must show to sustain a claim for retaliatory termination under the False Claims Act. Donald H. was an anesthesiologist and partner at Associated Anesthesiologists of Springfield, Ltd. in…

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Fissures in Media Empire Exposed By Redstone Trial — Chicago Corporate Oppression Attorney Near Hinsdale

It’s almost always newsworthy when a friend or family member of a wealthy celebrity publishes a “tell all” book or files a lawsuit against the celebrity in question or against other people close to the celebrity. But all this gossip has to be taken with a grain of salt, especially…

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Estate Battles Turns on the Meaning of the Phrase “Survivors” — Chicago Contested Probate Estate Lawyers — Chicago Will Contest Attorney

An interesting recent Illinois appellate court decision from the First District addressed who may inherit from a testator’s estate when one of the named beneficiaries dies before the testator, with the outcome turning on the meaning of “survivors” as written in the will.  Albert Lello, who passed away in 2012,…

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Scalia’s Death Changes Corporate Responses To Lawsuits

  The following lists some of the key factors to consider as you face business dispute or shareholder dispute litigation: • Business Litigation Goals. It is important to consider what you hope to accomplish through business dispute litigation. It is important to consider the ideal end result as you evaluate your…

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Owners of Tony Luke’s Head to Court in Family Business Dispute

Franchises can be a great opportunity for a business to branch out and expand while limiting their risks, but only if the contract is fair to both parties. Any time anyone signs a contract, they should read it carefully and have a qualified attorney look it over or they could…

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Illinois Ranked Near the Bottom for Business Litigation — Our Chicago Business Trial Lawyers and Attorneys Help Closely Held Businesses Navigate the Tricky Waters of Illinois Business Litigation

Companies doing business in America are influenced by multiple factors. Not only do they need to keep track of the federal and local laws that vary between states and even cities, but court systems in different locations treat businesses differently. Every year, the Lawsuit Climate Survey is used to rank…

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Family Business Dispute About Alleged Trade Secrets of a Long Time Evanston Diner Erupts Into a Lawsuit — Our Chicago Family Business Dispute Lawyers Handle Many Types of Disputes for Closely Held Businesses

Familial relationships can be tough. When you combine them with the added stress of trying to run a family business together, sometimes it can be a recipe for disaster. Marla Cramin, the owner of Sarkis Cafe, a popular diner that has been business in Evanston for many years, has filed…

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