Trustee Troubles? How a Motion for Instructions Can Help
Trustees are often asked to make difficult decisions under circumstances that the trustee did not anticipate before accepting the role. In some cases, the language in the trust instrument isn’t clear, and the trustee may be unsure of what to do. In others, one or more beneficiaries may disagree with a trustee’s plans for the […]
What to do if someone is trying to force you out of your Illinois corporation?
If you’re a shareholder of a privately held (i.e., not publicly traded) company and your co-shareholders are excluding you from important decisions, are being uncooperative, areimproperly taking money from the company, or are taking other improper actions, section 12.56of the Illinois Business Corporations Act (and a lawyer) may be able to help. Section 12.56 of […]
What is a breach of fiduciary duty?
A fiduciary duty can arise in various ways. It can arise automatically from specific relationships,like a trustee of a trust, who has a fiduciary duty to the trust beneficiaries. Likewise, a generalpartner in a partnership typically owes a fiduciary duty to his partners, and an agent representing you in a business deal may have a […]
Partnership Disputes: What to do if a business partner steals from the business?
You are a partner in a partnership and suspect your partner is stealing from the business.Alternatively, perhaps you are a member/manager of an LLC and suspect a member/manager isstealing from the business. This situation requires action. This article is here to empower youwith knowledge of your options. Types of Theft 1) Breach of Fiduciary Duty […]
Breach of Contract: What to Do When You Suspect a Breach of Contract
As a business owner or manager, you’ve likely encountered situations where you’ve contractedwith another business for goods or services, but the goods or services weren’t appropriatelyprovided. This article is designed to equip you with the knowledge you need to handle asuspected breach of contract. An Oral Contract vs. a Written Contract If you don’t have […]
Tensions Surge as Management Conflict Intensifies at Getir Delivery App Following Executive Departures
A power struggle at grocery delivery giant Getir intensifies as the company shuts down foreign operations while shareholders clash over key management positions. This ongoing conflict highlights the complex dynamics that can arise in corporate governance and business disputes, particularly with substantial investments and strategic pivots. The recent dispute between Getir’s Turkish founders and its […]
Hall & Oates’ Fierce Legal Battle: Allegations Of The “Ultimate Partnership Betrayal”
Daryl Hall and John Oates have initiated legal proceedings against each other, shedding light on the breakup of their iconic musical partnership. Ultimate Partnership Betrayal The ongoing partnership dispute between Hall & Oates recently reached a pivotal moment. Daryl Hall filed court documents accusing his longtime business partner, John Oates, of blindsiding him with a […]
Four Brothers Secure A $7 Billion Verdict Against Fifth Sibling Over California Apartment Holdings
After a lengthy trial spanning five months in Los Angeles Superior Court, a jury awarded a $7 billion verdict to four brothers who alleged their fifth sibling violated an oral family partnership agreement. The verdict, rendered on Monday, marks the culmination of a lawsuit that began in February 2003. The siblings, all from India, initially […]
Conflict Resolution – When Litigation Has a Happy Ending
After a dispute over milestone payments disrupted a 2019 collaboration on heart medication, Daiichi Sankyo and Esperion Therapeutics have reconciled their differences with a $125 million settlement. Settlement Terms Esperion filed a lawsuit in March 2023 for breach of contract over missed payments, but the case was resolved in less than a year. The settlement […]
Navigating the Intricacies of Real Estate Investment Fraud
In the compelling case of Natalia Legg, Josh Gotlib, and Black Spruce Management, we delve into the intricate world of real estate investments and fiduciary duties. This case is a stark reminder of the importance of protecting investments and the serious implications of fiduciary breaches in real estate businesses and trusts. When such breaches occur, […]
