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December 6, 2024 NewsCorporate
Associate Morgan York provides clarity on the recent preliminary injunction update to the Corporate Transparency Act.
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December 4, 2024 NewsCommercial Real Estate
A Commercial Lease Agreement is one of the most common contracts that a business will enter into, but far too often, a business will sign off on a lease after a cursory review. As you can imagine, that can often lead to serious problems down the road. Here is our top ten list of things to look out for when navigating your Commercial Lease Agreement.
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November 14, 2024 NewsIntellectual Property
Artificial Intelligence (AI) has become a pervasive force across industries, affecting everything from data processing and decision-making to creative arts and public discourse. As AI systems grow more sophisticated and autonomous, questions about their in role in society have shifted from the technical to the philosophical and legal. One of the core issues at stake is the idea of whether AI systems have – or should have – freedom of speech under the First Amendment.
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October 25, 2024 NewsEmployment Law
“Reasonable accommodation” can be a tricky subject. What is reasonable for one person might not be for another. In this article, Margherita M. Albarello details a case involving the Environmental Protection Agency and the Rehabilitation Act, a law similar to the Americans with Disabilities Act. An employee of the EPA made many requests for a private office due to allergies but was denied. The employee filed suit and cited that the employer’s accommodation of work from home did not allow him to perform adequately.
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October 25, 2024 NewsCorporate
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October 24, 2024 NewsCorporate
Contracts are often part of our day-to-day business activities, from engagement letters to consulting agreements. While it may not be efficient or cost effective to work with counsel for each contract your business negotiates with its clients, it might make sense for you to create a contract playbook to protect your business from unnecessary cost and liability down the road. Associate Morgan C. York analyzes why being ahead of the game and creating a contract playbook could be a win for your business.
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October 23, 2024 NewsTrust, Estate & Taxation
The rising cost of college can be a deterrent for many families in deciding whether to send their child to school or not. Although the Federal Government has created a host of programs and grants to aid students, it still might not be enough and colleges and universities continue to raise the expenses. Brian T. Whitlock explores the potential value Code Sec. 529 savings accounts may have on your family and the benefits it can provide with paying for secondary education.
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October 21, 2024 NewsCommercial Real Estate
The Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced a final rule requiring certain persons in non-financed sales of residential real estate to report information about the transfer. Associate, Melanie Kanakis outlines which real estate transfers fall under this new rule, what information about the transfer is required to be reported, and who is required to report this information.
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October 10, 2024 News
The U.S. Department of Labor announced an update to the Fair Labor Standards Act overtime rule. Effective January 1, 2025 the salary threshold will increase for exempt employees. Employers need to decide whether to raise the salary of employees who are currently earning below the threshold or make the employees non-exempt. Associate, Brad Lohsl explains what employers should expect with the new rule.
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October 2, 2024 NewsTrust, Estate & Taxation
Brian Whitlock explains why a Donor Advised Fund may be a better choice in donating to a public institution.
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September 26, 2024 NewsIntellectual Property
Senior associate, Anthony Wenn examines the cultural impact of the musical genre reggaetón and how a recent case against some of the top Latin and Hispanic artists could change the genre forever.
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September 25, 2024 NewsIntellectual Property
It is no secret that every professional field is competitive now. To keep up with competition, your company and team must embrace innovation to grow and solve new problems that arise every day. Senior associate, Kimberlee Jones gives you five ways to encourage innovation within your company and be on the cutting edge of your field.
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September 18, 2024 NewsTrust, Estate & Taxation
Our world is never static—but your estate plan won’t keep up with those changes unless you update it. Between changes in your family, your finances, and the law, any estate plan more than a few years old might not do what you want it to do anymore. Associate Joe Trytten gives three time-sensitive reasons why your estate plan deserves a second look in 2024.
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September 16, 2024 NewsProperty Tax Assessment
Jim Chipman explains property tax rates in Illinois, how they compare to the rest of the country, and what you can do about a rising property tax bill.
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August 26, 2024 NewsCommercial Real Estate
The National Association of Realtors (NAR) introduced substantial rules related to real estate commission that went into effect in August 17, 2024. The rules were introduced as a response to class action lawsuits brought by price fixing. Partner Darrin S. Baim expounds upon the recent rule changes.
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August 22, 2024 NewsCorporate, Employment Law, Mergers & Acquisitions
In April, the Federal Trade Commission issued a rule banning non-compete agreements for most American workers. The rule, which was scheduled to take effect on September 4, 2024, was immediately attacked in court. This week, a federal court enjoined the FTC from enforcing the rule, calling it an unauthorized overreach by the FTC.
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August 19, 2024 NewsEmployee Benefits and ERISA, Employment Law
Effective January 1, 2025, Illinois employers with fifteen or more employees will now be required to provide pay scale and benefits in any job posting.
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August 12, 2024 NewsReorganization & Bankruptcy
The debt limit for small businesses wanting to reorganize under subchapter V and individuals wanting to reorganize under chapter 13 has significantly decreased.
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August 8, 2024 NewsCorporate
In this alert, Melanie Kanakis explains the recent amendments to the Delaware General Corporation Law (DGCL) that went into effect on August 1, 2024. The amendments are intended to remedy inconsistencies created from recent rulings by the Delaware Court of Chancery.
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August 7, 2024 NewsTrust, Estate & Taxation
Joseph S. Trytten chosen as the Vice-Chair of the Estate and Gift Tax Committee of the Real Property, Trusts, and Estate Section of the American Bar Association.
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August 5, 2024 NewsTrust, Estate & Taxation
The U.S. Supreme Court recently affirmed the decision of the 8th Circuit Court of Appeals that contractual obligation to redeem the stock of a closely held corporation did not create a liability that would offset the value of the life insurance policies that were owned by corporations. In this article, Brian Whitlock addresses the recent Supreme Court decision on entity redemption agreements that are funded with life insurance policies owned by the redeeming entity. Brian examines the result of this decision and cautions what family business advisors can do potentially help their clients.
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August 1, 2024 NewsIntellectual Property
The United States Patent and Trademark Office (USPTO) recently updated guidance on patent subject matter eligibility to provide greater clarity and consistency with evaluating subject matter, specifically with advancements in artificial intelligence (AI). Anthony Wenn discusses the background and claims of three new examples that help with providing clarity with the new guidance.
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July 22, 2024 NewsIntellectual Property
In this intellectual property alert, Beverly Berneman examines the new Illinois law protecting revenues generated by using children in influencer content.
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July 18, 2024 NewsIntellectual Property, Trust, Estate & Taxation
This article, written by Anthony Wenn and Jonathan Morton, covers the nuanced complexity of copyright and probate law and walks through the importance of documentation and communication when dealing with the probate process.
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June 27, 2024 NewsIntellectual Property
Anthony Wenn explains the new rule introduced by the United States Patent and Trademark Office to streamline patent adjudication and promote a more transparent, consistent, and efficient system.
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