Paul Porvaznik – Business Litigator
Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)
Getting a settling defendant to pay is sometimes a Herculean task. So much so that it often spawns multiple rounds of satellite litigation just to enforce the settlement terms. I recall one case I had in McHenry County that required no less than five or six 2-hour drives to the courthouse in order to enforce a settlement agreement. …
Continue reading “New Illinois Law To Impose Strict Timing Requirements on Settling Defendants”
Life Plans v. Security Life of Denver Insurance Company, 2013 WL 4052678 (N.D.Ill.2013), presents high-dollar contract dispute involving two insurance companies. The plaintiff insurance agent entered into a written agreement with the defendant, a multi-national insurance company. The plaintiff agreed to market defendant’s life insurance products on a nation-wide basis. The contract term was “indefinite” and terminable …
Continue reading “Insurance Co’s Substantial Compliance With Termination Notice Defeats $20M Suit”
Form commercial lease language usually gives the landlord the option of terminating the lease OR terminating the tenant’s right to possession after a tenant default. Generally, if a landlord terminates the lease, this cuts off his damages at the date of termination. So, if landlord terminates the lease on January 1, 2013 and the lease …
Continue reading “Commercial Lease Acceleration: Termination of Possession vs. Termination of Lease”