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Foley & Lardner LLP | USA | 18 Jul 2011

Illinois Appellate Court reaffirms that Illinois Interest Act does not prohibit use of 365360 interest calculation method

In a July 12, 2011, opinion, the First District of the Illinois Appellate Court once again held that the Interest Act did not prohibit a lender from using a 365360 basis to calculate interest, so long as the method of calculation is clearly set forth in the note.


Epstein Becker Green | USA | 7 Aug 2009

Insisting on a no-compete leads to an equitable estoppel claim under ERISA

Not many lawsuits under the Employee Retirement Income Security Act ("ERISA") turn on whether an employer legitimately insisted that an employee sign a no-compete agreement in order to receive benefits, but a federal court lawsuit currently pending in Chicago presents that very scenario.

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