Firm Secures Fiduciary Breach Judgment at Trial and Appeal

March 31, 2021

Following a seven-day trial, MSLF won a judgment exceeding $7.7 million, including punitive damages, for an investor against his former business partner. The trial court found that the partner had breached his fiduciary duties by, among other things, diverting funds and mismanaging the real estate investments the parties jointly owned. MSLF also won an additional $476,000 against another defendant. Both defendants were expelled or had their interests foreclosed in the projects. The Illinois Appellate Court upheld the decision on March 31, 2021:

Further details about the case were reported in the Chicago Sun-Times.

MSLF attorneys Karen Levine, Edward Feldman, Alexandra Block and Mary Eileen Wells tried the case and defended the judgment on appeal.