Whether you initiate a lawsuit or end up on the receiving finish of one, litigation can disrupt your business operations and prevent you from concentrating on your long-term enterprise strategy. We’re aiding a serious French bank confronted with legal and civil expenses of commercial malpractice (duty of information, responsibility to warn, duty of advice, unfair term, legality of escalator clause) within the context of a class action brought by consumer associations and lots of of individuals, regarding a portfolio of real property loans which were granted to people in a overseas forex.
In a month-long trial, we obtained a jury verdict holding the competitor and a provider liable for breach of contract, tortious interference, and misappropriation of trade secrets and techniques, in the end resulting in a good judgment for declaratory and injunctive aid, double damages, and a multimillion greenback legal fee award underneath Massachusetts’s unfair trade practices statute.
This litigation, introduced in the United States District Courtroom for the Northern District of Illinois (in Chicago), involved claims of lots of of thousands and thousands of dollars of premium underreporting that affected the contributions of all class members to state-mandated reinsurance swimming pools.
Usually, if parties or their attorneys are actively participating in settlement discussions they may normally be able to workout an agreement among themselves without court involvement in an effort to avoid the need of a court listening to.
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