The plaintiff staffing firm lost big in Instant Technology, LLC v. DeFazio, 2014 WL 1759184 (N.D. IL 2014). The Northern District Court found for the defendants on the plaintiff’s non-compete counts (see prior post) as well as on its trade secrets, tortious interference and breach of fiduciary duty claims. Trade Secrets Analysis The ex-employee defendants signed broad non-disclosure agreements that prevented them from …
Category Archives: Corporate
Shocking! The Company That Owes You $ Dissolved: The Illinois Corporate ‘Survival’ Statute
The Illinois corporate “survival” statute, 805 ILCS 5/12.80, allows a plaintiff to sue a dissolved corporation for up to five years after the corporation’s existence ends. So, if a corporation was dissolved on April 29, 2014, a plaintiff who had a claim against the corporation prior to April 29, 2014, has through April 29, 2019 …
LLC Member Not Liable For Fraud Carried Out On Behalf of LLC
The First District expansively construed Section 10-10 of the Illinois LLC statute (805 ILCS 180/10-10) to immunize LLC managers and members from personal liability for misdeeds carried out on the LLC’s behalf. In Dass v. Yale, 2013 IL App (1st) 122520, the plaintiffs sued an LLC member (along with a general contractor and sales agent) for construction defects in their …
Continue reading “LLC Member Not Liable For Fraud Carried Out On Behalf of LLC”