You and your partner built this together, fifty-fifty, on a handshake and a shared idea of where the company was going. The split worked until it didn’t. Now you disagree about everything that matters, the strategy, the money, whether to
Chicago Business Litigation Lawyer Blog
The Chicago Business Litigation Lawyer Blog, published by Lubin Austermuehle, P.C., focuses on legal issues related to business and commercial litigation. It covers topics such as internal business disputes including conflicts among partners, directors, and family-owned businesses, as well as external disputes involving breach of contract, fraud, and enforcement of business agreements. The blog addresses strategies for resolving complex commercial conflicts, fiduciary duties, non-compete agreements, and the impact of litigation on business operations. It also discusses practical approaches to settlements, ethical considerations in litigation, and specialized areas like forensic accounting in business disputes.
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Latest from Chicago Business Litigation Lawyer Blog
What Your Business Partner Owes You Under Illinois Law, and What Happens When He Breaks That Duty
Your partner started a second company. You learned about it from a customer, not from him, and now you notice that the easy jobs still come to your shared business while the lucrative ones quietly go to his. He says…
Illinois Minority Owners: How to Force a Company to Open Its Books
You asked a simple question. Where did the money go? You own a piece of the company, the profits that used to reach you have thinned, and you want to see the financials that would explain why. The controlling owner’s…
When the Wrong Done to Your Company Is Yours to Fix: Illinois Derivative Lawsuits Explained
You find it by accident. A vendor mentions a company you have never heard of, and a week of digging shows that your co-owner has been routing the business’s best work through a second entity he owns alone. Or the…
Frozen Out of Your Illinois LLC? What the LLC Act Lets a Minority Member Do
You own thirty percent of the company, and for the first ten years that felt like a partnership. Then the managing member stopped returning your calls. The distributions shrank and then stopped, though the company is plainly doing well. You…
Being Bought Out of Your Illinois Company? Why the “Fair Value” of Your Shares Is Higher Than the Offer
The offer to buy your shares arrives as a single page. You built a quarter of the company over fifteen years, and the letter values your stake at a number that would not cover two good years of the distributions…
Illinois Now Regulates AI in Hiring: What Employers Must Do Under the Amended Human Rights Act
Your hiring process probably uses artificial intelligence right now, whether you know it or not. The applicant tracking system that ranks resumes before a human reads them. The assessment platform that scores candidates on a video interview. The scheduling tool…
Accused of Freezing Out a Minority Owner? How Illinois Law Defends the Majority in a Shareholder Oppression Case
The certified letter arrives on a Tuesday, and it is written to sound like a verdict. Your minority shareholder, the one who stopped coming to work two years ago but never stopped cashing distributions, now says you have frozen him…
Sued Under BIPA? After the 2024 Amendment, the Demand Letter’s Damages Math No Longer Adds Up
The demand letter usually starts with a fingerprint. Your employees clock in and out on a biometric time clock, the way millions of workers do, and a plaintiff’s lawyer has noticed. The complaint says the company collected those fingerprints without…
Served With a Defamation Cease-and-Desist? Why Illinois Law and the First Amendment Often Protect What You Said
The cease-and-desist letter gives you ten days. You wrote a review, or warned a customer, or told an unflattering truth about a former vendor in a way that cost him a sale, and now his lawyer calls it defamation. The…