White House Prepares to Dismantle Dodd-Frank Protection Rules

Block & Landsman by Block & Landsman

Image of white house, consumer fraudThe Trump Administration signaled that it is beginning to roll back some of the regulations enacted under the Dodd-Frank Act. The White House further stated that it would pursue a full repeal of the Dodd-Frank financial reforms in Congress. The Dodd-Frank Act was a series of laws passed in 2010 in the wake of the 2008 Financial Crisis. The purpose of the rules was to prevent another banking system meltdown due to being over-leveraged. In the 2008 Financial Crisis, the subprime mortgage glut precipitated the banking crisis. The purpose of the...Read More

First Responders Become Victims to 20M+ CBRN Investment Scam

Block & Landsman by Block & Landsman

A clever fraud scam exploited the tight-knit community of first responders over a period of five years, and cost them more than $20 million. Gregory E. Webb, who was in his sixties, initially targeted firefighters in the city of Chicago. The nature of the investment itself was so closely tied to their careers and common interests that hundreds of people were duped by it. Webb fostered trust by claiming to have burgeoning contracts to develop and install anti-terrorism devices in municipalities worldwide. Webb claimed the futuristic equipment co...Read More

Power of Attorney: New Fiduciary Duties of Successor Agents Under Illinois Law

Block & Landsman by Block & Landsman

judge's hammer and balanceNew fiduciary duties are conferred upon the successor agent that may affect the interaction and responsibilities between principals and agents. This cited case may at first seem related only to matters of property and estate planning, but it contains lessons and principles of interest to fiduciaries. Consultation with a business litigation lawyer may be beneficial for those are contemplating or have already entered into a power of attorney successor agent designation. Duties of Agency An agent holding the authority of power of attorney owes t...Read More

New Illinois Legislation Limits Restriction On Employment Contracts

Block & Landsman by Block & Landsman

A pen with a contract, employment contractsMany people associate non-compete agreements and other employment-related restrictive covenants to be associated only with high ranking executives, managers and sales professionals.  Though the likelihood of having to sign a non-compete, a non-solicitation, or another type restrictive covenant as a term of new or ongoing employment is greater with the higher the position to be filled, many entry level, part-time employees are often required to sign onto similar restrictions. Recently, a national sandwich shop franchisor was sued by the atto...Read More