Freeborn Partner John O'Bryan recently authored an article for London Market Forums October newsletter entitled, "Claims Focus - COVID-19 and The USA," touching on the physical damage requirement frustrating COVID claimants. In this feature, John provides guidance on property insurance with respect to COVID-19 business interruption claims. To read the full article, click here.
A great deal of money is at stake between property insurers and the businesses they insure in those insureds’ lawsuits over whether business-interruption or civil-authority insurance covers the businesses’ substantial and widespread loss of revenue resulting from their closures during the COVID-19 pandemic.
CHICAGO – Freeborn & Peters LLP is pleased to announce that Jessica Coutré, an Associate in the firm’s Corporate Practice Group, has been chosen for the prestigious 2020 – 2022 Class of Dennis I. Belcher Young Leaders by the American College of Trust and Estate Counsel (ACTEC). The two year Dennis I. Belcher Young Leaders Program was created to foster scholarship and education in Trust and Estate matters, promote diversity and inclusivity, and encourage the development of potential ACTEC Fellows. “We are extremely proud of Jessica, she will be a strong addition to the ACTEC’s Dennis I. Belcher
Since the inception of the Paycheck Protection Program (the “PPP”), there has been a lot of ambiguity as to the requirements for PPP borrowers looking to engage in M&A transactions and equity sales. To resolve the ambiguity, on October 2, 2020, the Small Business Administration (the “SBA”) released new guidance, in the form of Procedural Notice No. 5000-20057 (the “Notice”), which provides much needed clarity around the specific requirements for lenders or the SBA to provide consent to PPP borrowers looking to engage in such transactions and the resulting treatment of the underlying PPP loan
CHICAGO – Freeborn & Peters LLP is pleased to announce that the firm has again been listed in Vault’s Top 150 Under 150, which highlights leading midsize law firms “known for providing top-notch service and delivering big results.” “We are thrilled that Freeborn has once again been recognized as one of the nation’s top midsize law firms,” said Freeborn Co-Managing Partner William E. Russell. “Being a midsized firm, we pride ourselves on our depth of legal services, bench of attorneys, and the results that we deliver for our clients, so it’s an honor to be recognized for an award of this nature
Freeborn & Peters LLP is pleased to announce that Meghan E. Tepas, a Partner in the firm’s Litigation Practice Group, is one of Law Bulletin Media’s 2020 40 Illinois Attorneys Under Forty, which recognizes the “most talented young attorneys working in Illinois” under age 40.
There has been a lot of contention lately over the issuance of retail cannabis licenses in Illinois. Many of the headlines center around disputes regarding the license lottery process itself. However, reading between the lines, it would appear that at least one major underlying concern fueling those disputes is whether the money from the dispensary is going back into the local community or to some outside party. What if members of the local community could easily invest in a local dispensary and benefit from their success regardless of who the owner was? Local community investment is exactly
When a corporation that has net operating losses (NOLs) undergoes a change in its stock ownership, complex rules under Section 382 of the Internal Revenue Code may apply to limit the corporation’s ability to fully utilize those NOLs going forward. This Client Alert, written by Freeborn Partner Karen Hayes, is a brief introduction to the general application of Section 382.
Freeborn Partners Kathy Ehrhart and Jim Boland were recently interviewed by Attorney at Law Magazine about their involvement in the first virtual bench hearing in Cook County. They represented defendants in a civil case focused on alleged breach of contract where the judicial proceedings were executed in a virtual format. To read the full article or learn more about the virtual trial, click here.
Freeborn Partner Michael Whitty recently provided insight for MarketWatch's TaxWatch column on how the upcoming election may affect estate planning. In the article, Michael encourages his clients to have these discussions now, rather than after the election. To learn more or read the full article, click here.
Kathy Ehrhart, On Behalf of the Freeborn Women’s Leadership Council: We lost a giant Friday evening. Justice Ginsburg was an extraordinary woman and jurist, with a great love for humanity, this country, and the law. And it was with great emotion that many of us received the news. I myself sat down and cried. While I was raised with the privilege of having two parents who instilled in me the belief that I could grow up to be anything that I wanted, its hard to hold that belief in your deepest heart of hearts when you don’t always see someone who looks like you in certain roles. Justice Ginsburg