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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: sales forecasts

Retailers’ Sales Forecasts Not Factual Enough to Buttress Fraud In Inducement Claim (IL ND)

The Northern District of Illinois provides a useful synopsis of Federal court summary judgment standards and the scope of some Illinois business torts in a dispute over a canceled advertising contract to sell hand tools. The plaintiff in Loggerhead Tools, LLC v. Sears Holding Corp., 2016 WL 5111573 (N.D.Ill. 2016) sued Sears when it canceled …

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Posted byPaulPNovember 10, 2016January 26, 2019Posted inBusiness TortsTags: Bionic Wrench, concealment, fiduciary duties, fraud, fraud in the inducement, promissory fraud, sales forecasts, Sears, summary judgment
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