Recent Illinois law regarding the defense of officers and directors of corporations and LLCs encompasses several key factors: 1. Fiduciary Duties: Officers and directors of corporations and LLCs are fiduciaries, holding duties of good faith, loyalty, and honesty to the corporation. They are not permitted to enhance their personal interests…
In the ever-evolving world of technology and the internet, antitrust issues have become increasingly prevalent. One of the most notable cases in recent memory involves Google and its alleged anticompetitive practices in the app distribution market. The case brought against Google by Epic Games, the creator of the popular game…
The Illinois Supreme Court plays a crucial role in shaping the legal landscape of the state. June 2021 saw the release of several significant decisions that have far-reaching implications for Illinois residents, businesses, and the legal community. In this blog post, we will explore some of the notable recent Illinois…
You’ve probably already heard of Alex Jones, but if you haven’t, or you need a refresher, he’s the right-wing conspiracy theorist who has used his media company, InfoWars, to promote the idea that the Sandy Hook Elementary School shooting was a giant hoax created and promoted by anti-gun activists. Among…
Introduction Shareholder derivative lawsuits are legal actions brought by individual shareholders on behalf of a corporation against its officers, directors, or other insiders. These lawsuits typically allege misconduct, mismanagement, or breaches of fiduciary duties by those in control of the corporation. Defending against a shareholder derivative lawsuit can be complex…
In a world where consumer lawsuits and class actions seem to be on the rise, businesses are constantly seeking effective strategies to defend themselves against potential legal challenges. One strategy that often flies under the radar but can be a game-changer is product recalls. While recalls are typically viewed as…
Corporate veil piercing is a legal concept that allows a court to hold individual shareholders or owners of a corporation personally liable for the corporation’s actions or debts. It is a complex legal doctrine that is typically associated with business law, but in the case of Oliver v. Isenberg, 2019…
As a business owner, partner, or shareholder, complex disputes may arise that require efficient legal resolution. Choosing the right court to file suit can be more complex than one might initially think, especially in cases involving breach of fiduciary duty claims. A recent case from the US District Court for…
In theory, when people talk about online advertising, they could be talking about advertising on a variety of platforms. In addition to Google, each social media platform has its own advertising options. Amazon and Bing also have advertising. But for most people, online advertising is synonymous with Google Ads. Google…
We’ve all heard stories of the plucky entrepreneur who started a game-changing business and managed to sell it for millions of dollars. It’s a great rags-to-riches story, and it proves the American Dream is real. But what if the business is fake? Charlie Javice was one of those young entrepreneurs.…