Latimer LeVay Fyock, LLCLatimer LeVay Fyock, LLC

LLF's Alex Passo and Joanna Kopczyk Obtain Six-Figure Settlement That Spared Family Business From Substantial Losses Due To Customer's Breach of Contract

In November 2023, LLF's Alex Passo and Joanna Kopczyk obtained a significant settlement on behalf of a family business, vindicating their rights and sparing them from losses arising from a customer's breach of contract. The settlement allowed the client to recoup its substantial investment of time, money, equipment, and cost of personnel over the course of several years after it was unceremoniously and wrongfully evicted from its customer's facility on a premature basis per the contract. . . . [READ MORE]

Corporate Transparency Act: Reporting Obligations

Effective January 1, 2024, the Corporate Transparency Act (CTA) will require reporting entities to file a beneficial ownership information (BOI) report with the Financial Crimes Enforcement Network (FinCEN). The BOI will require disclosure of personal information for certain owners and operators of each entity. The CTA aims to enhance corporate transparency to prevent illicit activities such as money laundering, terrorism financing, and other financial crimes. Below are some key takeaways, which are being provided as a high-level overview of the CTA. . . . [READ MORE]

Illinois Employers That Hire Temporary or Day Workers Have New Obligations And Face New Penalties Under Recent Amendments To The Law

Illinois businesses that use or rely upon day or temporary workers, whether directly or through staffing agencies, must contend with significant changes to the law that governs the rights of such workers and the obligations of the companies that employ them. Amendments to the Illinois Day and Temporary Labor Services Act ("the Act"), which became effective on July 1, 2023, impose new equal pay, safety, training, and other requirements on employers and provide more robust protections and remedies for the individuals working in this growing sector of the labor market. . . . [READ MORE]

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