10/04/2007
Illinois Appellate Court Upholds Judgment in Favor of Investment Company Comprised of Partners in Law Firm Who Represented the Defendant-Client in Investment Transactions
Tower Investors, LLC v. 111 East Chestnut Consultants, Inc., 864 N.E. 2d 927 (Ill.App.3d 2007)
Brief Summary
The court upheld the distinction, as separate entities, between the law firm and an investment company comprised of attorneys from the law firm. The court therefore allowed the law firm to sue the defendant-client for damages even though the investment company had signed a forbearance agreement.
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