Archive for October 2012
Decision Shows FDIC Power to Ban Officials from Banking
The Federal Deposit Insurance Corp. (FDIC) has broad powers to banish bank officials from the industry, a recent decision by the United States Court of Appeals in Chicago demonstrates.Read More
New Corporation Sometimes May Be Held Liable for Old Corporation’s Debts
A court may hold that a new corporation is liable for the debts of a predecessor corporation where the
common shareholders are sufficient to exercise control of the new corporation, an Appellate Court panel in Chicago has ruled, rejecting an argument that the ownership of the two corporations had to be identical.
Appellate Court Moves Toward More Uniform Approach On Burden of Proof on Non-Custodial Parent Visitation
The Fourth District of the Illinois Appellate Court has reversed its prior holding regarding the
burden of proof for non-custodial parents’ visitation rights and moved toward a more uniform
interpretation across the state on that issue.