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Tom Kanyock Shares Insights on Direct vs. Derivative Standing Issues

Tom Kanyock discussed direct vs. derivative standing issues in Illinois and Delaware during a presentation for the Chicago Bar Association’s Business Divorce and Complex Ownership Committee.

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Claims Against Benefit Plan Sponsors Grow More Sophisticated

Lawsuits against sponsors of retirement plans have been fairly common over the past decade. Typically, these claims involved relatively obvious violations, like excessive costs, negligent oversight and other types of blatant mismanagement.

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Fired Agent Files Suit in Illinois Against Baseball Star’s Financial Adviser

J.D. Martinez of the Boston Red Sox is a Major League Baseball All-Star who earned more than $23 million during the 2019 season. Sports agents battle fiercely to represent players with that level of stature and salary. However, a prominent Chicago agent claims that a third-party financial adviser led Martinez to terminate his contract prematurely. Read More

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John Deere Files Suit Accusing Former Workers of Stealing Trade Secrets

A husband and wife who both held high-ranking positions at John Deere now face a lawsuit by the farm equipment manufacturer for allegedly misappropriating trade secrets.

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Fraudulent Transfer Questions Cast Doubt on Oxycontin Settlement

A tentative settlement involving Purdue Pharma, the maker of Oxycontin, received great fanfare in the media, with the company claiming that it will pay at least $10 billion “to address the opioid crisis.”

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Court Bars Business Oppression Even Though Shareholders Were in Litigation

Business oppression occurs when the shareholder majority exercises its voting power to abuse the ownership rights of the minority.

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Pension Intercept Requested for East St. Louis Firefighters’ Fund

For the third time since enactment of the Illinois pension intercept law, a municipal employee pension board seeks to have city monies redirected to replenish long-neglected funds.

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Understanding Creditors’ Options When Enforcing Judgments

Whether you’ve won a legal case, performed professional services or leased commercial property to a tenant, collecting the payment often proves to be the toughest part of the task.

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Fraudulent Intent Not Always Necessary to Unwind an Improper Transaction

Creditors may use Illinois’ Uniform Fraudulent Transfer Act (IUFTA) to recover funds improperly shifted by a debtor to a third party.

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Business Oppression Case Divides Family-Owned Construction Company

A major construction company with Illinois roots has demonstrated that serious “business oppression” conflicts can happen even in family-run businesses.

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