Paul Porvaznik – Business Litigator
Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)
In K2 Development, LLC v. Braunstein, 2013 IL App (1st) 103672-U, the First District addressed Illinois law’s compensatory and punitive damages guideposts in a convoluted real estate fraud suit filed by an LLC against one of its two members. The plaintiff LLC – through one of its members (a real estate novice) – sued the LLC’s other member – an …
Continue reading “IL First Dist. Examines Punitive Damage Standards In RE Fraud Suit”
In Siegel Development, LLC v. Peak Construction, LLC, 2013 IL App (1st) 11973, the First District affirmed summary judgment in favor of a building seller and contractor in the building buyers’ fraud suit. Facts: The building buyers (plaintiffs) and defendants entered into a contract for the purchase of a four-unit apartment building that plaintiffs planned to convert to condominiums. …
Continue reading “The ‘Justifiable Reliance’ Element Of A Fraud Claim (Illinois Law)”