Seasoned Business, Tax and Estate Planning attorney takes reins from Andrew Tecson, bringing extensive management and operational experience to the role
Chuhak & Tecson, P.C. News
CHUHAK & TECSON: Financial Industry Regulatory Authority set to tighten expungement rules even further
Perhaps the most important arrow in the quiver of broker-dealers, their registered representatives, and other securities professionals when it comes to protecting their livelihoods and reputations is the ability to have negative information expunged from the Central Registration Depository (CRD) system and hence from the Financial Industry Regulatory Authority (FINRA) BrokerCheck website.
Appellate court: Fannie, Freddie investors can’t sue federal agency for diverting profits to US Treasury
Judges with the U.S. Seventh Circuit Court of Appeals upheld a federal judge’s rejection of arguments that the Federal Housing Finance Agency undercut Fannie Mae and Freddie Mac investors by giving the U.S. Treasury too much authority when it was trying to save the home-lending behemoths.
While federal law bars the city of Chicago and other local governments from slapping taxes on homes acquired by federal home mortgage lending giants Fannie Mae and Freddie Mac, the law does nothing to stop such cities from merely passing on those tax bills to the people who later buy the property from Fannie or Freddie, a federal appeals panel says.
Class certification denied to O'Hare airport workers who alleged vendor made them work off the clock
A federal judge in Chicago will not grant class certification in a wage-hour dispute between an aviation services contractor and airport workers at O’Hare who said they were forced to work off the clock.
A federal judge has broken up a class action involving hundreds of airport janitors who had accused cleaning contractor Scrub Inc. of shorting them pay, as the judge said the only thing the janitors truly had in common is that they all worked at Chicago’s O’Hare International Airport.
Chicago can't collect real estate transfer tax from buyers of homes sold by Fannie, Freddie, judge says
The city of Chicago should not be allowed to sidestep laws barring cities from collecting taxes on real estate sold by federal mortgage lending giants Fannie Mae and Freddie Mac by simply passing on the tax bills to those buying the properties from Fannie and Freddie, a federal judge has ruled.
A financial institution is suing over alleged breach of contract regarding a loan repayment.
Appeals court: Malpractice claim vs Chuhak can be put on hold until criminal case resolved vs lawyer over fuel tax credit scheme
A state appeals panel has decided a Cook County judge was correct in slapping a stay on a legal malpractice claim against Chicago law firm Chuhak & Tecson over allegations the firm misled investors into sinking money into buying into federal nonconventional fuel tax credit partnerships, saying, while plaintiffs may wish to move ahead with their lawsuit, the case must take a backseat for now to a criminal tax case pending against an indicted lawyer.
Settlement ends legal food fight over The Purple Pig; Harris no longer associated with River North restaurant
A legal food fight, in which some of the more prominent names in Chicago’s culinary scene served up accusations against one another of mismanagement, financial wrongdoing and other scurrilous allegations, appears to have ended quietly, with at least one of the former partners in The Purple Pig walking away from the popular River North restaurant.
CHICAGO – A Chicago condo association is suing a neighboring coffee roasting business, alleging its offensive, noxious fumes are creating a public nuisance for the homeowners.
Fitbit and Fitbug, two leading competing manufacturers of activity-tracking electronic devices, might be headed for trial after a federal judge rejected Fitbug’s request for summary judgment in a pending patent lawsuit. The matter dates to Feb. 20, 2014, when Fitbit sued Fitbug alleging a single count of patent infringement.
The makers of the iconic Weber backyard grill may get their chance to prove at trial Sears intentionally aped the Weber design for its own store-brand grills, after a federal judge said there may be more than just smoke to Weber’s infringement claims against the retailer. Palatine-based Weber-Stephen Products, creator of the eponymous Weber Grill, filed suit in federal court in 2013 against Sears, alleging some Kenmore grills infringe on Weber’s trade dress.