Drag-along rights let majority shareholders force others to sell at the same price and on the same terms, making the shares more valuable. The author argues they should be enforceable in Illinois and offers a checklist for drafting drag-along provisions.
Illinois lawmakers have amended the State Fund Act to establish the Small Business Development Grant Fund as a special fund in the state treasury. 30 ILCS 105/6z-87 new.
It's hard to sue a hands-off social host in Illinois who merely allows underage drinking. But if he or she voluntarily undertakes to prevent it, it might be a different story.
Illinois lawmakers have amended the Illinois Marriage and Dissolution of Marriage Act to provide new allowances for members of the United States Armed Forces (750 ILCS 5/603, 606, 607, and 610).
The Illinois Pollution Control Board ("the Board") recently adopted amendments and introduced a new section to the regulations governing standards and limitations for organic material emissions for area sources. 35 Ill. Adm. Code 223.
Illinois lawmakers have amended the Criminal Code of 1961 to ban persons from knowingly possessing any caustic and noxious substances regulated by Title 16 CFR section 1500.129 of the Federal Caustic Poison Act. (720 ILCS 5/12-37 new.)
On September 5, 2012, the fifth district appellate court held that the three-year statute of limitations in section 3-118(g) of the Uniform Commercial Code ("UCC") should be applied to actions for conversion of negotiable instruments even in situations where plaintiffs are not reasonably able to discover the loss within the time limit. 810 ILCS 5/3-118(g) (West 2010).
The ruling barred a decedent from using a spendthrift trust to effectively revoke his irrevocable gift to Rush Medical Center. Leading ISBA lawyers think it's time for the legislature to clarify Illinois trust laws.
"Reasonable suspicion," not the more exacting "probable cause," is threshold requirement for an investigatory traffic stop, the Illinois Supreme Court held in a recent DUI ruling.
Scammers claiming to be Illinois lawyers called people around the country this summer demanding immediate payment of bogus debts and threatening them with arrest.
Among other changes, the legislation would make nonjudicial trust modifications easier and limit the risk of liability for fiduciaries who handle specific trust-related tasks.
Closing protection letters, the Form DS-1 disclosure, and key 2010 revisions to the Rules of Professional Conduct are potential pitfalls for real estate lawyers.
Among other projects, ISBA President John E. Thies will promote adequate funding of and public trust in Illinois courts and examine the law-student debt crisis. Here's a look at the year ahead.
Illinois practitioners should prepare to meet strict authentication requirements until clear rules are established. Here's a look at the cases and advice about how to proceed.
The Illinois Supreme Court ruled that a school district breaches its duty of care when it gives false information to another district about a teacher's sexual misconduct.
The legislature forgoes a full ban on cell use by drivers in favor of a targeted approach that bans hand-held communications in construction zones, emergency scenes, and other places.
You could argue that a contract provision is ambiguous because it has more than one meaning. Or you could argue that it doesn't have any clear meaning. The article looks at both approaches.
The Illinois Supreme Court ruled that prior misdemeanor DUI convictions – even if the defendant was unrepresented – can be used to bump a later DUI charge to a felony.
