Fontana v. TLD Builders, Inc.—A primer on piercing the corporate veilBy Charles W. MurdockBusiness and Securities Law, November 2006In a case of first impression in Illinois, the Second District, in Fontana v. TLD Builders, Inc., held that a non-shareholder can be held liable when the corporate veil of a for-profit corporation is pierced.
Parent corporation liability for acts of its subsidiaryBy Charles W. MurdockBusiness and Securities Law, June 2006When we think of the potential liability of a parent corporation for the acts of its subsidiary, we normally think of the situation in which the corporate veil of a subsidiary is sought to be pierced in order to hold the parent liable.
Do you know and practice the Upjohn warning?By Peter LaSorsaCorporate Law Departments, March 2006In 1981, the United States Supreme Court, in Upjohn Co. v. United States, outlined important criteria for corporate counsel to utilize when determining the applicability of attorney-client privilege in connection with interviewing an employee of the corporation.
Corporate assumed name basicsBy Jodi K. PlagenzCorporate Law Departments, September 2005You heard it in your high school freshman literature class and hundreds of times since: Juliet speaks this line, intent on convincing Romeo that his last name means nothing to her. “What’s in a name? That which we call a rose by any other name would smell as sweet.”
Survival of remedies after dissolution of an LLCBy Jennifer RojasCommercial Banking, Collections, and Bankruptcy, February 2005It is well known that the core concept of a Limited Liability Company ("LLC") is that it is a legal entity distinct and separate from its members.
Controlling persons’ qualified privilege to influence corporate actionsBy R. Stephen Scott & Mark D. ThielenCorporate Law Departments, November 2004In its recently published opinion in IOS Capital, Inc. v. Phoenix Printing, Inc., d/b/a Colortech Printing, et al.,1 ("IOS" hereafter), the Fourth District Appellate Court of Illinois reaffirmed Illinois' common law rule allowing a controlling shareholder/director the qualified privilege to influence corporate actions.
Be selective when labeling documents work productBy Peter LaSorsaCorporate Law Departments, September 2004When representing clients, attorney communications and works are subject to protection from disclosure-albeit not absolute protection.
Case commentsBy Michael J. WeicherBusiness and Securities Law, January 2004Background facts: Zebra Technologies Corporation (Zebra) is a Delaware corporation, located in Vernon Hills, Illinois, which develops and manufactures two-dimensional bar coding equipment.
Piercing the corporate veil: Shroud or substance?General Practice, Solo, and Small Firm, December 2003A times our clients are faced with litigation with a corporation that may seem like it acts through its individual owners, as opposed to observing the requirements for acting as a distinct corporate entity. In other words, the ownership is so unified between the persons operating the corporation and the corporate entity itself that they merge into one.
Acquiring a corporate aircraft: Ten considerationsBy Christopher M. MillsCorporate Law Departments, August 2003At its core, the purchase of an aircraft is similar to the purchase of any other major equipment asset.
In-house counsel must take the lead in coordinating catastropheBy Geary W. Sikich & Valerie C. PereraCorporate Law Departments, July 2003At a recent conference in Barcelona, Spain, Shell International's senior legal counsel, Campbell Grant, was quoted in the Law Gazette (http://www.lawgazette.co.uk):
Is there a Limited Liability Entity in your future?By Donald E. WeihlLaw Office Management and Economics, Standing Committee on, June 2003Illinois has become the 50th state to adopt rules allowing Limited Liability Entities to practice law in Illinois.
Global expansion is a matter of constructionBy Alexander OlsanskyCorporate Law Departments, May 2003Opportunities for global expansion are endless, as they come in all shapes, sizes and permutations.
The hedge fund: Assessing the risks (part I of II)By Alan L. KennardCorporate Law Departments, April 2003In determining whether to create or invest in a hedge fund, it is imperative that an investor understand the potential risks common to hedge funds.
Commercial cases can trigger bodily injury coverageBy Stanley C. NardoniCorporate Law Departments, December 2002A new Illinois decision should remind corporate policyholders to scrutinize their commercial litigation for possible bodily injury coverage.
Controlling “crisis” response will determine corporate survivalBy Valerie C. Perera & Geary W. SikichCorporate Law Departments, November 2002Corporate America is facing a time unparalleled in history. Since the events on that fateful morning of September 11th, the landscape of business has fundamentally changed.
Personal injury coverage includes defamation and disparagementBy Stanley C. NardoniCorporate Law Departments, November 2002My previous articles in this newsletter noted that defamation and disparagement are among the offenses usually covered in the advertising injury and personal injury provisions of general liability policies.
Letter from the co-editorsCorporate Law Departments, October 2002Welcome to the October, 2002 edition of The Corporate Lawyer. We have three articles in this edition we hope you find interesting and helpful to your practice.
Trademark and trade dress may be coveredBy Stanley C. NardoniCorporate Law Departments, October 2002A series of Illinois Appellate Court decisions place trademark and trade dress infringement among the offenses typically covered by the advertising injury provisions of general liability policies
Illinois considers petition for mandatory CLECorporate Law Departments, September 2002Does your company have a significant number of in-house counsel that are licensed in Illinois?