Jail time for Maine egg distributors should prompt caution, diligence from other food execs, attorney says
Food company executives should be on notice that a new federal emphasis on cracking down on food safety violations could land them in jail, should their company be found liable for food-borne disease outbreaks, after a federal appeals court upheld jail sentences for two corporate officers found responsible for failing to prevent the distribution of eggs contaminated with salmonella that affected 56,000 people.
Appeals panel: Debt collector needed to bring malpractice claim vs lawyer who aided former business partners at first suspicion of harm
A state appeals panel has found a businessman involved in a dispute with business partners over the fate of an Evanston debt collection company didn’t move fast enough to bring a legal malpractice claim against Chicago law firm Katten Muchin Rosenman for allegedly helping those partners freeze him out of the company’s management and then working to torpedo the venture by forming a new company specifically to compete against the first venture.
Shareholder says Vasco management should pay for shares crash following news of product sales to Iran
The directors and executive of an Oakbrook Terrace-based provider of digital financial security products has been hit with a lawsuit brought by a shareholder who has claimed the company’s management should be made to pay for allegedly concealing from investors – or at least not properly moving to address – the possibility an international distributor sold the company’s products to buyers in Iran while economic sanctions forbidding such sales were in place.
Appeals court upholds dismissal of $14 million legal malpractice case vs Katten Muchin by heir of Harold Price
An appellate court has upheld a lower court’s ruling against the granddaughter of business luminary Harold C. Price, rejecting the woman's suit against her attorney and the Katten Muchin Rosenman law firm for legal malpractice based on claims his legal advice caused her to lose $14 million of an $18 million inheritance.