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Category Archives: Fiduciary Duty
Dissolution and the End of Partners’ Fiduciary Duties
Sirazi v. Panda Express, Inc., No. 08 C 2345, 2011 WL 6182424 (N.D. Ill. Dec. 13, 2011), affirms that “[t]he partnership relationship does not extend to all affairs and transactions between the partners . . . and when the partners … Continue reading
Fiduciary Duty Modifications
When it comes to Illinois LLCs, one member’s allegation that the LLC’s manager has breached its fiduciary duty can quickly spiral into a full-blown claim for judicial dissolution, i.e., a business divorce. Link. Illinois LLCs are materially different than Illinois … Continue reading
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Illinois Business Divorce Report 