First District Addresses Insurance Provider’s Right to Challenge Settlement despite Previously Forfeiting Its Right to Control Litigation

A recently decided First District Appellate case has provided clarity in regards to an insurance company’s ability to challenge settlements, particularly when an insurance company has already forfeited its right to control the litigation by reserving its right to deny coverage.  In particular, Central Mutual Insurance Co. v. Tracy’s Treasures, Inc., 385 Ill. Dec. 904 […]

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Advising Asset Protection Plans

Avoiding creditors is a constant battle for debtors.  In fact, the common practice of hiding cash under the mattress has given way to more modern methods such as protecting assets by placing them into trusts.  Some states, including Alaska, Delaware, and Nevada, actually allow debtors to intentionally shield assets from the claims of creditors by […]

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Chicago’s Minimum Wage Hike Takes Effect

As of July 1, 2015, Ordinance 02014-9680 became effective, which increased the minimum wage for employees in the Chicago to $10 per hour for non-tipped employees and $5.45 for tipped employees.  The Ordinance provides for subsequent raises on July 1 of each subsequent year until the hourly minimum wage reaches $13 for non-tipped employees in […]

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