Paul Porvaznik – Business Litigator
Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)
Primo v. Pierini, 2012 IL App (1st) 103553-U discusses the key elements of a joint venture and how it differs from other common business arrangements. The plaintiff contractor sued a construction manager to recover about $300k in building improvements it made in building a Chicago restaurant. The construction manager was hired by the restaurant owner and was actively involved in …
Continue reading “Illinois Joint Ventures – Features and Effects”
In Edelman v. Belco Title & Escrow, LLC (http://law.justia.com/cases/federal/appellate-courts/ca7/13-2363/13-2363-2014-04-25.html) the plaintiffs sued an escrow agent after investing $3M in a failed real estate deal. The plaintiffs invested the monies directly with the developers of a mixed-use project. The plaintiff never met with nor spoke to the defendant escrow agent and there was no document that formalized …
Continue reading “No Fiduciary Duty Owed Lender By Closing Agent in Botched Real Estate Deal”
Jimmy Connors is one of my all-time favorite tennis players and professional athletes. Not just because he was such a fiery competitor who seemed to literally spill his blood and guts every time he took the court. But because of his racket. In an era dominated by space-age racket technologies like Kevlar, ceramics and …