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

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

Financial Advisor Fraud in Illinois

Block & Landsman by Block & Landsman

a business man with a computer, securities fraudAnybody in Illinois can fall victim to financial advisor fraud regardless of who they are. Because financial advisors are often trusted by their clients, they may take advantage of that trust in order to embezzle funds from them. It is important for Illinois residents to be aware of the types of fraud that financial advisors sometimes commit so that they are able to identify it when it is occurring and get help. This type of fraud is committed by advisors against all kinds of people, including celebrities as the recent case involving Mike Tyson...Read More