Maurice Wutscher LLP | USA | 22 Jun 2017
The Appellate Court of Illinois, First District, recently ruled that the mortgagee of a reverse mortgage loan held an interest in the secured property…
Kramer Levin Naftalis & Frankel LLP | USA | 19 Jul 2016
A recent decision of an Illinois appeals court in Republic Bank of Chicago v. FBOP Corp. (Ill. App. April 29, 2016) addressed the effect of an…
Jenner & Block LLP | USA | 31 May 2015
In Lislewood Corp. v. AT&T Corp.,No. 13 CV 1418 (N.D. Ill. Mar. 31, 2015), the district court found that a lessee and its sublessee shared a common…
McDermott Will & Emery | USA | 31 Mar 2014
In Linn v. Department of Revenue, the Illinois Fourth District Appellate Court reviewed the state’s statutory framework for taxing trusts. Linn v…
Orrick, Herrington & Sutcliffe LLP | USA | 21 Mar 2014
On March 19, Illinois Attorney General (AG) Lisa Madigan announced a suit against a lender for allegedly offering a short-term credit product…
Miller Canfield PLC | USA | 23 May 2013
A new Illinois law will close a loophole through which some mortgages could be subject to avoidance in bankruptcy. The loophole, created by U.S…
Quarles & Brady LLP | USA | 14 Nov 2012
This fall, the Illinois Senate could vote on a bill that would significantly increase penalties for employers found liable for wage violations
Hodgson Russ LLP | USA | 30 Oct 2012
When an employer withdraws from a multiemployer plan, the plan sponsor is required to notify the employer of the amount of any withdrawal liability and the schedule for liability payments, and it must demand payment in accordance with that schedule.
Eversheds Sutherland (US) LLP | USA | 28 Aug 2012
In direct contradiction to the recent MetLife case, a different division of the Illinois Appellate Court held that a taxpayer was subject to the double interest amnesty penalty on its increased state tax liability resulting from federal audit changes.
Husch Blackwell LLP | USA | 11 Jul 2012
In February the Bankruptcy Court for the Central District of Illinois held in Crane v. Richardson, Case 11-09067, that the guidelines set forth in 765 ILCS 5/11 are mandatory, rather than permissive, and must be included within a mortgage to be free of avoidance challenges from bona fide purchasers or bankruptcy trustees.