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When individuals declare bankruptcy, their creditors are often left without meaningful recovery. That is not always the case when it is possible to argue that the debtors are not entitled to the protections of bankruptcy law. Following a bench trial in the United...
Tomlinson & Shapiro attorneys Michael Tomlinson recently won a FINRA arbitration hearing under Rule 2080 of the FINRA Code of Arbitration. Several years ago, a complaint was lodged against the firm’s client, a broker who had never had any complaints filed against...
Tomlinson & Shapiro attorneys Michael Tomlinson, and Michael Shapiro recently won a lawsuit on behalf of the owner of a manufacturing business that had been owned by his family for five generations. The case was litigated in circuit court in DuPage County....
In July 2017, the Illinois LLC Act underwent a variety of substantive changes affecting everything from how an LLC is organized with the Illinois Secretary of State to the ability of its of members to disclaim certain fiduciary duties. The following is a list of some...
On August 24, 2015, in JMB Manufacturing, Inc. d/b/a Summit Forest Products Company v. Child Craft, LLC et al., the United States Court of Appeals for the Seventh Circuit reversed a $2.7 million judgment against an individual client and a corporate client of the firm....