The U.S. Food and Drug Administration recently published a proposed rule that, if implemented, would update the labeling standards that food products must meet in order to be labeled as “healthy.” The FDA first established a definition for “healthy” in
Chicago Business Litigation Lawyer Blog
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Banks Accused of Funding Epstein’s Sex Trafficking
Sex trafficking requires more than one person to be involved in the process. So it should come as no surprise that the allegations against Jeffrey Epstein for sex trafficking didn’t stop with Epstein. His wife, Ghislaine Maxwell, was also found…
Former McDonald’s CEO Charged with Lying to Investors
When Stephen Easterbrook was first fired from his position as CEO of McDonald’s, the firing was listed as “without cause,” which allowed Easterbrook to keep his severance pay, including shares in the company. But that was before McDonald’s found out…
Car Dealer Fraud Lawyers in Chicago — Consumer Fraud Lawsuit Involving Classic Cars Settles for $7.1 Million
Acquiring, repairing, and maintaining classic cars isn’t easy. And when something is not easy to do, it’s often expensive. As a result, people aren’t likely to buy classic cars unless they have the money to pay for rare materials and…
Federal Appellate Court Explores Narrow Exception to Rule 54(b)’s Finality Rule in Trade Secrets Misappropriation Case
In a complicated trade secret misappropriation case involving an evolving cast of characters, United States First Circuit Court of Appeals affirmed the dismissal of trade secret misappropriation claims between former drug development partners. However, the First Circuit found that the…
Illinois Appellate Court Revives Company’s Defamation suit against Competitor
The First District Illinois Appellate Court recently overturned a Cook County Circuit Court’s dismissal of a company’s defamation suit against a competitor. In its ruling, the Court held that a Chicago shipping company can claim it was defamed by emails…
Spotting the Red Flags of Trusts and Estates Fraud
Executors and trustees have a large amount of responsibility with respect to the assets they manage and to the beneficiaries for whose benefit they manage such assets. However, with a high degree of responsibility comes a high degree of accountability.…
Buyout Rights of Oppressed Minority Shareholders or LLC Members
When starting a business, co-owners envision the best—working together productively and profitably. But it is all too common for business partners to encounter a serious impasse over how to operate the business. When partners are unable to work through a…
Gerber Asks Chicago Federal Judge to Dismiss Class Action Lawsuit over Toddler Formula
Facing a recently filed putative class action lawsuit over the labeling and marketing of its toddler formula, baby formula manufacturer Gerber has asked a federal judge in Chicago to dismiss the suit arguing that reasonable parents buying its toddler formula…
Court Rules that Client Can Sue Lawyers over Punitive Damages Award
In a recent decision, the Illinois Supreme Court held that clients ordered to pay punitive damages can sue their attorneys to recover the money. In doing so the Court considered and rejected arguments that state law and public policy protect…