News & Articles

Fiduciary Duties To Employers And Non-Competes

A recent Northern District of Illinois decision, Instant Tech., LLC v. DeFazio, 12 C 491, 2014 WL 1759184 (N.D. Ill. May 2, 2014), has shed some light on the applicability of non-solicitation, non-recruitment and non-disclosure covenants in Employment Agreements.  In Instant Tech, the court held that these types of restrictive covenants were unenforceable in certain

The Seventh Circuit’s Recent Opinions Upholding Dismissal of First Amendment Claims in Favor of the Government Entity’s Interest in Restricting Speech.

             In Volkman v. Ryker, 736 F.3d 1084 (7th Cir. 2013), the plaintiff, a correctional facility employee, filed suit pursuant to 42 U.S.C. § 1983 alleging several Illinois Department of Corrections (“IDOC”) employees retaliated against him for engaging in protected speech.  More specifically, Volkman alleged that he was given a

Illinois Mortgagors Barred From Vacating A Judgement Of Foreclosure And Sale After The Mortgagee Files Its Motion To Confirm Sale

In Wells Fargo Bank, N.A. v. McCluskey, 2013 IL 115469 (Nov. 21, 2013), the Illinois Supreme Court clarified a perceived tension between the Illinois Code of Civil Procedure and the Illinois Mortgage Foreclosure Law (“IMFL”).  Specifically, section 5/2-1301(e)[1] of the Civil Code allows the court to set aside a default judgment against any party before

Can an Employer Have Employees Waive Their Rights to Pursue Litigation

In a move sure to please employers, the Fifth Circuit recently overturned the National Labor Relation Board’s ruling in D.R. Horton, Inc. v. NLRB.[1]  The case centered on whether an employer can require, as a condition of employment, an employee to waive his rights to pursue a class action complaint and instead to accept arbitration

Protection and Compliance under the Illinois Automatic Contract Renewal Act

Contracts rarely exist in a vacuum: successful business relationships usually beget more successful business, and a convenient method to nurture these relationships is to provide for such in the contract through an automatic contract renewal clause. Automatic renewal provisions, sometimes referred to as “evergreen clauses,” can be a helpful way to secure future business. They

2013Trending in M&A: Cautious Optimism in the Middle Market

A slow, yet improving economy has developed a trend of cautious optimism amongst middle market players in the mergers and acquisitions market.  A close look at trends, perceptions in the market and strategic avoidance of pitfalls prior to entering the market will glean fruitful transactions for middle market businesses in 2013. Acquisition vs. Organic Growth

A Victory for Secured Creditors

A 2012 ruling by the United States Supreme Court gave secured creditors worried about their collateral cause for celebration. Enacted in 1978, Chapter 11 of the Bankruptcy Code balanced the rights of competing creditors and provided financially distressed organizations with an equitable means for restructuring. It was drafted in an era where secured creditors enjoyed

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