BUSINESS LITIGATION

Chicago Business Litigation Trial Attorneys

At Canel, King & Jones, our lawyers have vast experience in business litigation. We represent individuals and business entities in significant disputes around the country.

Corporate Litigation

We worked with the Dallas firm of Jackson Walker LLP and successfully prosecuted a claim based on a breach of a joint venture agreement to distribute beer, wine and spirits in Illinois, culminating in a settlement in 2013.

Also in 2013 we successfully defended the directors of a venture capital firm in a suit brought by a minority shareholder under Delaware law. After an eight day bench trial the trial judge issued an opinion holding for our clients on every claim.

In 2010 we settled a damage claim for unit holders of a Delaware LLC alleging the failure to timely provide books & records. Plaintiffs claimed defendant's failure to provide the timely books & records caused Plaintiffs to lose the window to sell their interests prior to the 2008 recession. The litigation resulted in Plaintiffs being able to sell their units at a substantial increase over their cost.

Accounting & Legal Malpractice

In 2012 we successfully defended a legal malpractice claim seeking over $12,000,000.00 before a jury.

We have represented two of the big four public accounting firms in accounting malpractice cases.

Partnership Litigation

In 2012 we successfully resolved a partnership claim for our client who was involved in a management consulting business and had been denied his share of the firm's profits.

In 1999 we obtained a jury verdict in excess of $18 million against a general partner of a limited partnership for breach of fiduciary duty. The claim against the general partner involved overcharges on related party loans. The trial court added over $6 million in equitable prejudgment interest. The case was settled after an appeal.

Arbitrations

Many business agreements require arbitration. Canel, King & Jones has successfully tried many AAA and NASD arbitrations. Arbitration awards are generally difficult to overturn. In 2007 we had and arbitration award against several clients vacated by the Illinois Appellate Court.

Antitrust Litigation

In 2003 we obtained a reversal from the 7th Circuit Court of Appeals of a dismissal of a large industrial customer's antitrust claims against the largest natural gas utility in Indiana. The case settled in 2004.

Trust Litigation

In 2003 we successfully prosecuted and settled a claim on behalf of trust beneficiaries against a bank trust department for mismanaging the beneficiaries' trust assets.

Shareholder Litigation

In 2001 we successfully defended a shareholder of a closely held corporation in a preliminary injunction trial in St. Louis County, Missouri. The plaintiff sought our client's ouster from his corporate offices in a breach of fiduciary duty case involving a dispute over management fees and dividend distributions.

Over the years, we have also successfully represented several clients who were minority shareholders “squeezed out” of closely held corporations to deprive them of their share of lucrative businesses or transactions.

Injunctions

In June 2004, we obtained an injunction in the Circuit Court of the Fifth Judicial Circuit in Marion County, Florida for a philanthropist who had donated a museum, artwork and millions of dollars to a large university foundation. We sued the foundation alleging it breached its promise to care for the Museum in perpetuity in exchange for the gift. The Circuit Court required the foundation to fund and maintain the Museum pending the final disposition of the case. The case settled during the appeal of the injunction order.

Located in Chicago and practicing in the Midwest and throughout the nation. If you have questions about how we can serve you or your business in this area, contact us to schedule an appointment.

 

70 West Madison Street, Suite 3970, Chicago, Illinois 60602   |   fax: 312.372.6737   |   tel: 312.372.4142

 

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