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Results: 1-10 of 103

Another Illinois Case Decides When an Asset Purchaser is Responsible for Liabilities as a Mere Continuation of the Seller
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • June 1 2017

In our Risk Management Update of December 23, 2015, we discussed an Illinois case that had to decide when a successor entity purchasing the assets of


Effects of Assignor's Bankruptcy on Assignment of Payment Stream
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • May 10 2017

In a May 2, 2017 decision, the Sixth Circuit Court of Appeals decided the fate of a stream of rental payments from the bankrupt owner of a residential


Employer Outsmarts Itself and Loses Over $5 Million
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • March 16 2017

Juanita Berry worked as Vice President of Major Accounts for Telamon Corporation, an Indiana telecommunications company. Using her relationship with


Scam Targeting Attorneys Causes Big Loss To Bank
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • December 5 2016

As many attorneys know, attorneys have been the frequent target of scams, such as those promising a big fee to assist in transferring funds to or from


Judges Clash in Overturning Arbitration Awards
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • August 8 2016

The debate about arbitration vs. litigation goes on, with partisans both for and against. One argument used by both sides is the finality of


Despite (or Because of) Extensive Negotiations, No Contract and No Promissory Estoppel
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • July 11 2016

A common scenario involves two parties involved in intense and prolonged negotiations that one party feels resulted in an enforceable contract, but


Giving Up What You Are Entitled To
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • June 23 2016

There were two recent cases from the 7th Circuit Court of Appeals, one on May 16 and one on May 17. The parties, judges, and areas of law were


End-User Makes End-Run to Sue ManufacturerSupplier of Competing Product
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • June 2 2016

One of the issues to be negotiated in a distributorship agreement is the allocation between the manufacturer and the distributor of risks and


Another Corporate Veil Piercing Case - Sham Transactions Make Affiliates and Individuals Vulnerable
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • May 17 2016

Suddenly courts in Illinois are issuing corporate veil piercing decisions. In our last update, we highlighted an Illinois Court of Appeals decision


Extreme Example of Piercing Corporate Veil
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • April 1 2016

It is standard legal advice for business lawyers to tell their clients to avoid claims of "piercing the corporate veil" by respecting the distinction