Paul Porvaznik – Business Litigator
Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)
Photo credit: passionateproject.blogspot.com Several recurring commercial litigation issues are examined in Saletech, LLC v. East Balt, Inc., 2014 IL App (1st) 132639, a case that chronicles a dispute over a written distribution agreement for the sale of bakery products. The plaintiff entered into the agreement with a Ukranian subsidiary of various U.S. companies. The plaintiff sued these …
Continue reading “Illinois Agency, Ratification and Alter-Ego Basics: Case Snapshot”
I’ve seen no hard data to support this but it seems that piercing the corporate veil – as a concept – has seeped into the cultural lexicon and consciousness. I say this because many people – lawyers and nonlawyers alike – appear to have at least a nodding acquaintance with piercing. Over and over I hear some …
“Reverse piercing” involves the creditor of an individual shareholder attempting to reach assets of a corporation operated by that shareholder. Illinois reverse-piercing law is unsettled. Some cases allow the remedy; others don’t. When it is allowed, it usually involves a one-person corporation. In Fish v. Hennessy, 2013 WL 577012 (N.D.Ill 2013), the Northern District rejected a creditor’s …
Continue reading “Illinois ‘Reverse Piercing’ Law: Can You or Can’t You?”