After more than five years of litigation, Firm partner, Norm Finkel, successfully resolved a noteworthy case stemming from the 2008 financial collapse, in which Buffalo Grove-based American Enterprise Bank sought a $60 million recovery against Arnold Becker, its former chairman.
Business owners planning for retirement generally contemplate either the sale of the business to a third party or a transferof ownership to family members, but another option may be to sell the business to company employees. There are several techniques and issues to consider when planning this type of sale.
Over the past several years, it has be-come increasingly difficult to determine what types of evidence are needed for an employee or ex-employee to have a viable discrimination claim.
Coming out on the short end of an important ruling by a trial court, lawyers, like normal people, often reach for an excuse. The sting of losing is perhaps most often soothed by finding fault with the judge.
It is routine for employers to perform background checks on potential new employees before extending a job offer. After all, applicants are not always accurate about their past, and a bad hire can substantially damage a business — both financially and through a loss of goodwill.
The annals of Section 1983 litigation are filled with claims of constitutional rights violations by authorities due to plaintiffs’ race, religion or national origin. Far less litigation centers on state origin. As in police searching a car because it has out-of-state tags or because its driver hails from another state. Yet, this is what brought Peter Vasquez into court.
Raise your hand if this sounds familiar: A rep agreement plainly provides for a fixed commission rate. After the rep secures orders, the principal claims the parties orally agreed the rep would accept a lower commission rate on those orders. The rep disputes making any such agreement, but the commissions get paid at the lower rate.
Japanese gymnast Kohei Uchimura fell from the horizontal bar in preliminary competition at the Rio Olympics, landing on his back with a resounding thud. The resulting score of 14.300 meant he would not bid for gold, even as the reigning world champion of the event, six-time world gymnastics champion, defending Olympic gold medalist in men’s gymnastics and the “greatest gymnast ever” according to USA Today.
In a 1995 “Seinfeld” episode, George Costanza takes exception when he spots a security guard forced to stand his entire shift while on duty at a men’s store. His outrage is appeased only when he later decides to provide the guard with a chair.
Under a new law (35 ILCS 200/9-275), the Cook County Assessor is hunting for homeowners who are claiming property tax exemptions for which they do not qualify. The consequences can include repayment of up to 6 years of unpaid tax, plus 10% interest per year plus a penalty of 50% of the total unpaid tax. Moreover, the Assessor is authorized to record liens against real estate if the homeowner does not pay as required.