The Patterson Law Firm Blog

Illinois Business Litigation Statute of Limitations Law.

Illinois Appellate Court Clarifies Statute of Limitations, Adverse Domination, and Res Judicata in Business Litigation

The Illinois Appellate Court recently issued a pivotal ruling in Davie & Associates v. Reditus Healthcare, clarifying how the statute of limitations, adverse domination doctrine, and res judicata apply in complex business litigation. This case offers critical lessons for shareholders and LLC members involved in fiduciary duty disputes and legal malpractice claims.

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Elixir Shuts Down Its Stablecoin After Stream Finance’s $93M Collapse

The recent $93M collapse of Stream Finance and the subsequent shutdown of Elixir’s deUSD stablecoin have sent shockwaves through the DeFi ecosystem. For investors and businesses facing significant losses, consulting with an experienced Business Litigation Lawyer in Chicago is essential to understanding liability, recovery strategies, and the evolving regulatory landscape in Illinois.

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Illinois Appellate Court jurisdictional deadline clock for Rule 303

Civil Procedure Is Not Technical — It’s Determinative

Navigating the complexities of Illinois appellate jurisdiction is critical for any litigant. A recent First District decision highlights how strict adherence to Rule 303(a) and the timing of post-judgment motions can determine the fate of your case, proving that civil procedure is more than just a formality—it is the gatekeeper of substantive rights.

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Breach of fiduciary duty attorney Chicago concept illustration.

When an Attorney’s Misconduct Becomes a Business Risk

A recent Illinois ARDC recommendation for disbarment highlights the severe risks attorney misconduct poses to business clients. Discover how breach of fiduciary duty and professional negligence can impact your company’s bottom line and why vetting your legal counsel is essential for avoiding business litigation risk.

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