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Article

Masuda Funai Eifert & Mitchell Ltd | USA | 1 Jun 2017

Another Illinois Case Decides When an Asset Purchaser is Responsible for Liabilities as a Mere Continuation of the Seller

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

Article

Masuda Funai Eifert & Mitchell Ltd | USA | 19 Aug 2011

Claimant loses on contract claim - court critical of high-powered law firms

Judge Easterbrook, Chief Judge of the Seventh Circuit Court of Appeals, is known for his sharp pen and his acerbic comments to legal counsel representing the parties before the Seventh Circuit.

Article

Masuda Funai Eifert & Mitchell Ltd | USA | 16 Aug 2010

Court emphasizes risks of dealing with known insolvent entity

A recent 7th Circuit Court of Appeals decision shows the risks of dealing with an entity known to be insolvent and demonstrates that claimants, however deserving, can expect little sympathy from the courts.

Article

Masuda Funai Eifert & Mitchell Ltd | USA | 7 Jul 2010

Is a limited liability company bound by its own operating agreement?

A limited liability company is commonly regulated by an operating agreement.

Article

Masuda Funai Eifert & Mitchell Ltd | USA | 26 Apr 2010

What is a "strategic alliance?”

Persons or entities who want to join together in a new business venture have many legal alternatives to their structure.

Article

Masuda Funai Eifert & Mitchell Ltd | USA | 27 Jul 2009

Delaware case points to risks signing on behalf of yet to be established corporation

Persons who want to form a business entity, such as a corporation or limited liability company, usually have a reason why they want to do so and what they want it to do.

Article

Masuda Funai Eifert & Mitchell Ltd | USA | 14 Jul 2009

Illinois expands obligations of limited liability company members

"Fiduciary duty" is a frequently used legal term that, in practice, can have a very fuzzy meaning.

Article

Masuda Funai Eifert & Mitchell Ltd | USA | 23 Mar 2009

Low-profit limited liability companies - a new form of entity

Recently, a new form of entity has been proposed in Illinois.

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