Beware Abuse of Attorney/Client Relationship for Personal Advantage
Such abuse happens more often than attorneys care to admit. Sometimes it is death by a tenth of an hour at a time. Other times, a law firm will blatantly violate its obligations for reasons ranging from friendship to greed. Orbian Corp. v. Burns & Levinson: That Is NOT What Friends Are For In December […]
Seidman Law Group Podcast Interview
We were recently featured in a podcast: Essential Legal Strategies For Business Owners With David Seidman. Here is the link: Zero To A Hundred – Episode 25 – Zero to a Hundred – Apple Podcasts Thank you to the very impressive Jarrod Guy Randolph. You can learn more about him here: Jarrod Guy Randolph David […]
Fraudulent Transfer Basics
Imagine a scenario where a debtor, facing mounting financial pressure, strategically transfers assets to avoid paying what is owed. The dissipation of resources to hinder creditors from collecting their debts is known as a fraudulent transfer. The Illinois Uniform Fraudulent Transfer Act (IUFTA) allows creditors to challenge transfers made by debtors with the intent to “disturb, […]
College-Level Scandal Is Sadly Effective
Remember all of the bars and restaurants named the “Library” or the “Bookstore” in college. You and your classmates would charge your fun to these places because you thought your parents would pay these charges without questioning them whatsoever. It turns out that these scams are also effective in the real world. Read this quote […]
Key Considerations When Asserting or Defending Reasonable Reliance in Fraud Cases
Plaintiffs must prove that they “reasonably relied” on fraudulent misstatements of material facts to win their cases. Defendants often argue (1) the plaintiff did not sufficiently investigate the truth of the misstatements; or (2) the misstatements were so unbelievable that no reasonable person could have relied upon them. Failure to Investigate: The law does not […]
Hope Is Not A Plan; Hiring A Creative Attorney Is A Plan
I have no insight into the attorney-client relationships in this case. That said, there were potentially underlying reasons why the Defendants litigating a (A) very expensive case with a (B) minimal chance of success was a smart move. In fact, these reasons are often overlooked by the attorneys themselves even when the attorneys would benefit […]
AI Update: New FTC Proposed Rules
Earlier this month the Federal Trade Commission shared a notice seeking comments from the public about proposed rules concerning potential liability for generative AI developers. The new rule would (A) find generative AI developers liable for fraudulent impersonation of individuals and (B) create potential liability for companies providing the “means and instrumentalities” of such fraudulent […]
