LLF's Alexander Passo and Avery Buffa Defeat Attempt to Pierce Client's Corporate Veil, Sparing It and Its Owners From Significant Liability
The legal theory of "piercing the corporate veil" can be wielded as a powerful weapon by creditors that seek to impose liability on the owner of a judgment debtor corporation or LLC, on the grounds that the owner either engaged in fraud or operated the entity merely as its "alter ego." If successful, a piercing claim can threaten the personal assets of business owners who counted on their entities to shield them from any company-related liabilities. . . . [READ MORE]
LLF's Ryan Manion Scores Appellate Victory, Securing Payment of Over $700,000 in Compensatory and Punitive Damages for Clients
In business litigation, the road from filing a complaint to getting money in a plaintiff's pocket can be a long and winding one. Even after a win at trial or summary judgment, an appeal can follow. Even after a win at the appellate level, actually collecting the amount awarded in a judgment can be a challenge, especially if the plaintiff's attorney hasn't taken the affirmative steps needed to secure payment. . . . [READ MORE]
Time Running Out on Illinois Tax Amnesty Programs. Are You Eligible?
For taxpayers with outstanding obligations to the Illinois Department of Revenue (IDOR), paying those debts off becomes more expensive by the day as substantial interest and penalties accrue. However, recently signed legislation allows those with pending tax liabilities to square their accounts and avoid these extra costs – as well as spare themselves from potential enforcement action – through three separate tax amnesty programs. . . . [READ MORE]
