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.
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.
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.
A lawsuit brought by a one-time client, who acted as his own attorney, against the Katten Muchin law firm, of Chicago, was dismissed after the man, after filing the lawsuit, opted not to continue to press the case in which he claimed the firm had misled him about their legal skills, torpedoing a fraud lawsuit.
A federal judge has refused to rule Wells Fargo did not engage in lending practices blamed for allegedly exacerbating a plague of home mortgage foreclosures among minority homebuyers. But the judge still has tossed a lawsuit brought against the lender by Cook County over the bank’s alleged predatory lending practices.
A federal jury has awarded almost $23 million to Semir Sirazi, an investor who claimed an investment group cheated him out of millions of dollars by executing a deal with corrupt Illinois campaign financier Antoin “Tony” Rezko to secretly transfer to them Rezko’s ownership interests in a large South Loop development property, helping Rezko skirt a requirement to repay Sirazi should the property be sold, while gaining access to large amounts of money as legal problems swirled about him.
HartzThe widow of Barry Lind, a trader and financier who made millions on the Chicago Mercantile Exchange and held a leading role in transforming the CME into its current form, has sued the couple’s longtime lawyers, Michael O. Hartz and the firm of Katten Muchin Rosenman LLP, alleging they helped her husband hide multiple affairs and order his estate to benefit the other women and greatly reduce his
BurkeThree former employees of a soybean supply company failed to prove they were fired in retaliation for providing information that led to a state investigation into underweight seed bags, the Illinois Supreme Court held Thursday.In their 10-page opinion, the justices unanimously reversed the 2011 ruling of the Fifth District Appellate Court to affirm now-retired Washington County Judge Dennis Hatch’s
An embattled provider of online payday loans who allegedly used his standing as a member of a Sioux Indian tribe to tailor loan agreement terms to skirt state and federal law will need to defend yet more of those loans in federal court after the Seventh Circuit Court of Appeals panel determined arbitration procedures designed to give jurisdiction over the contracts to tribal courts failed to pass legal
