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Enforcement of an Oral Settlement Agreement
By Litigation Team 15 Mar, 2024
Lavelle Law represented a commercial lessee in a $6MM federal court foreclosure and won the Motion to Enforce Settlement Agreement. It is rare to have to file a motion to enforce a settlement that is not the subject of a formal settlement agreement signed by the parties.
Join us on April 4, 2024, for Business After Hours!
By Lavelle Law 04 Mar, 2024
BATTER UP! It’s that time of year again… springtime, baseball, and the Lavelle Law Business After Hours event. Join us as we team up with our Schaumburg business friends to meet, greet, and network in the friendly confines of our Schaumburg office.
Understanding Chicago's Proposed Referendum: “Amending the Real Estate Transfer Tax”
By Kelly A. Anderson and Gabriel Kokoszka 27 Feb, 2024
Understand the Referendum: “Amending the Real Estate Transfer Tax!” Chicago residents participating in the March 19th primary will walk into the voting booths expecting to make consequential decisions about their nominees for President and States Attorney. But, the typical voter may find themselves slightly confused and overwhelmed when they reach a lengthy referendum at the end of their ballot, entitled “Amending the Real Estate Transfer Tax.” This referendum is four entire paragraphs of tax jargon and financial chatter, informing the reader about a ballot measure on a local tax change.
$50,000,000 Asset Sale - a Lavelle Law Success Story
By Business Law 20 Feb, 2024
The transaction included a detailed working capital reconciliation structure, meaningful intellectual property transfers, as well as significant post closing earn out provisions. Moreover, a number of the seller’s employees were transitioned to positions with the buying entity. Lastly, there were a number of contracts that were assigned to the buying entity.
Terrence Shannon Jr. Succeeds on TRO and IR ruling against the University of Illinois.
By MaryAllison Mahacek and Matthew J. Sheahin 30 Jan, 2024
While out on suspension, TJ's legal team filed a Complaint and Emergency Motion for TRO and Injunctive Relief (Terrence Shannon Jr. v. The Board of Trustees of The University of Illinois, and Timothy Kileen, in his official capacity, Case No. 24-CV-2010). The injunctive relief sought, barring the school from banning him from team activities while his criminal case is still pending, is the focus of this article.
Homeowner Saved Possible Loss of Equity in Home – Over $200,000 with Chapter 13 Bankruptcy
By Bankruptcy Team 16 Jan, 2024
After explaining the Chapter 13 bankruptcy process, we filed the client’s case just before the judicial sale was to occur and the client’s bankruptcy plan was confirmed. He saved the equity of over $200,000 in his home.
Understand the new federal Corporate Transparency Act and the Beneficial Ownership Information repor
By Lavelle Law 12 Jan, 2024
The federal Corporate Transparency Act (CTA) went into effect on January 1, 2024. All business entities formed or registered to do business in the United States will need to submit a timely Beneficial Ownership Information (BOI) report to the U.S. Treasury’s Financial Crimes and Enforcement Network (FinCEN) unless they qualify for an exemption. Business owners and their advisors are encouraged to attend this seminar, where you will learn about which business entities must file and when, as well as the information that is required to complete the BOI report. We will discuss how Lavelle Law can assist you with this filing and with your annual compliance obligations generally.
Lavelle Law Awarded Platinum Level Status by the University of Illinois College of Law
By Lavelle Law 11 Jan, 2024
Lavelle Law is honored to receive special recognition from the University of Illinois College of Law. On January 9, 2024, Dean Greg Miarecki presented the firm with Platinum Level status for the 2022-2023 Employer Honor Roll.
Mitchell J. Parker joins Lavelle Law.
By Lavelle Law 08 Jan, 2024
Schaumburg-based Lavelle Law has announced the hiring of Mitchell J. Parker as an associate. Parker will handle clients in the litigation, business, and securities practice groups at the firm. Parker received a B.B.A. in finance from the University of Iowa accompanied by a minor in economics. He later graduated from the Chicago-Kent College of Law, cum laude, with a certificate in environmental and energy law. At Chicago-Kent, Parker received 5 CALI Awards.
There are over 300 New Illinois Laws that take effect in 2024.
By Lavelle Law 03 Jan, 2024
There are over 300 New Illinois Laws that take effect in 2024. Here is a summary of some that may impact your life. PAID LEAVE FOR ALL WORKERS ACT (SB 0208/PA 102-1143): Requires employers to provide 40 hours of paid leave annually for full-time employees or prorated amounts for part-time employees, which may be used for any reason and without documentation. Note that employers in Chicago are subject to the City of Chicago’s paid leave and sick ordinance that may have different requirements than the Paid Leave for All Workers Act.
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