Three Newest Laws Designed to Help Small Businesses

Block & Landsman by Block & Landsman

law gavel and book, business litigationChicago strives to give small businesses the assistance they need to be competitive with larger businesses, including passing legislation that offers a range of benefits. For those who operate a small business, there are three laws that should be understood to reap the greatest gains. The official website of Chicago houses details about how to own and operate a business in the city, regardless of the business size; however, their New Business page includes numerous useful links for those just starting up their business. Finding and retaining...Read More

When Companies Misrepresent the Effects of Medications

Block & Landsman by Block & Landsman

medical lab, consumer fraudWhen drug manufacturers misrepresent the risks, adverse effects and benefits of medications, they can be held liable for the damages that result. Inadequate information and downright misleading claims about the effects of medications are nothing new. In some cases, companies inflate the positive effects and benefits of their drugs for the purpose of increasing profits. In others, they fail to adequately disclose the risks and possible adverse effects that their medications can cause. With either scenario, when companies are in violation of t...Read More

Top Investment Scams that Target the Elderly

Block & Landsman by Block & Landsman

sad old man, investment fraudThe elderly are favorite targets for investment scammers because they are often technologically illiterate, suffer diminished mental faculties, and are believed to be wealthy, making them vulnerable to investment scams. Financial scams targeting the elderly are so prevalent that the National Council on Aging (“NCOA”) dubbed it “the crime of the 21st Century.” Unfortunately, financial crimes are difficult to prosecute and heavily underreported. Moreover, according to the NCOA, these crimes are being committed by family members, specif...Read More

Financial Advisors Will Soon Be Subject to the Fiduciary Rule

Block & Landsman by Block & Landsman

writing rules in red, securities fraudThe Department of Labor (“DOL”) announced that it is extending the “investment advice fiduciary” definition in the “Employee Retirement Income Security Act” (“ERISA”) which will bind all financial professionals who provide retirement planning and advice to a fiduciary. A fiduciary is a level of obligation that requires “fiduciaries” to place the interests of their clients above their own. It also exposes people who are “fiduciaries” to additional causes of action if they fail to place their client’s interests above the...Read More