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The Illinois Trade Secrets Act (ITSA) prohibits misappropriation of trade secrets and allows recovery of attorneys’ fees in suits to enforce the Act. A recent decision by the Appellate Court of Illinois is a cautionary tale for employers wanting to protect customer lists and other information.
read moreIllinois, like almost every other state, adheres to the centuries-old doctrine of employment at will, which means that either an employer or an employee may terminate their relationship at any time, without notice and without reason.
read moreMore than 40 years ago, the Illinois Supreme Court first recognized the tort of retaliatory discharge as an exception to the general rule that an “at-will” employee is terminable at any time and for any or no cause. Now, the court for the first time has confirmed such claims don’t cover the nonrenewal of a fixed-term contract.
read moreFox Swibel is pleased to announce the promotion of Daniel Dorfman to Capital Partner. We are also pleased to announce the promotions of Tracy Katz Muhl, Tammy Lee, and David Ogles to Partner.
read moreWith so much attention on COVID-19 and its impact on workplace issues, employers may have lost track of some important changes affecting Illinois employers in 2020. Some of these changes took effect on July 1.
read moreOn August 26, 2020 the Securities and Exchange Commission (the “SEC”) adopted certain amendments (the “Amendments”) to the definition of an “accredited investor” as defined by Regulation D of the Securities Act of 1933 (the “Securities Act”).
read moreWith so much attention on COVID-19 and its impact on workplace issues, employers may have lost track of some important changes affecting Illinois employers in 2020. Some of these changes took effect on July 1.
read moreIn the past few months, businesses have been thrust into a maelstrom of new historic challenges: a virulent pandemic of uncertain duration, depressed demand for products and services, social unrest and even outright inability to open or conduct business due to policies intended to slow the spread of the virus. For some firms, emergency government loan assistance has provided only temporary relief.
read morePhase 4: Illinois Cautiously Resumes Indoor Dining and Legal Considerations for Leases and Joint Venture Agreements in a Post-COVID World Background: As of June 26, Illinois has moved into Phase 4 of the “Restore Illinois” Plan. During Phase 4, restaurants […]
read moreChicago Restaurants in the Age of COVID-19: A New Frontier Jun 10, 2020 On May 5, 2020, Governor J.B. Pritzker released “Restore Illinois”, a 5-step public health plan for re-opening Illinois (the “Plan”). The Plan clearly is of considerable interest […]
read moreMain Street Lending Program: Federal Reserve, Treasury Department Create New Lending Facility, Release Updated Program Terms and FAQ’s May 21, 2020 This Client Alert relating to the Main Street Lending Program (the “MSLP”) has been updated to incorporate new […]
read moreOn April 23, 2020, the Treasury Department, in collaboration with the Small Business Administration (the “SBA”), released guidance in the form of Frequently Asked Questions (FAQ). The potentially most significant aspect of the FAQ’s is the warning that businesses applying […]
read morePursuant to its mandate from Congress to promote maximum employment, stable prices and market stability, the Federal Reserve announced on April 9, 2020, that it is taking measures to provide up to $2.3 trillion to further assist households and employers […]
read moreLegal & Tech: Practical Considerations for Hires, Furloughs and Separations of Remote Employees Apr 9, 2020 With the shelter-in-place orders going through April 30th and possibly beyond, it is important to prepare your company for possible furloughs, layoffs, and terminations with […]
read moreClick to Go to Answer: When can my business submit an application for an SBA 7(a) loan from the Paycheck Protection Program? For purposes of calculating “payroll costs,” should a business include compensation paid to independent contractors? Is a portfolio […]
read moreSummary of Legislation and Rulemaking Impacting Small Businesses Affected by COVID-19 Apr 1, 2020 The impact of COVID-19 has affected everyone in the United States. In response to the widespread economic consequences suffered by small businesses and their employees, the […]
read moreSummary of Federal, State of Illinois and City of Chicago Grant and Loan Programs to Assist Small Businesses Affected by COVID-19 Mar 31, 2020 Businesses around the world are facing significant adverse consequences due to government-mandated shutdowns and loss […]
read moreIn the days since the Families First Coronavirus Response Act (FFCRA) was signed into law on March 18, 2020, employers and advocacy groups have raised a number of questions about how the law will be interpreted and enforced. With surprising […]
read moreThe Families First Coronavirus Response Act, signed into law by President Trump on March 18, 2020, includes a number of provisions that will directly impact employers, in addition to public health measures. Here are the key provisions of the legislation […]
read moreThe Emergency Families First Coronavirus Response Act (H.R. 6201) passed The U.S. House of Representatives early Saturday, March 14, 2020, and includes a number of provisions that will directly impact employers, in addition to public health measures. The bill is […]
read moreWe know many of our clients are being affected by the Coronavirus (COVID-19) and we have worked with many of you on issues that have arisen, especially with respect to questions regarding employment matters. I want to personally assure […]
read moreIllinois, like almost every other state, adheres to the centuries-old doctrine of employment at will, which means that either an employer or an employee may terminate their relationship at any time, without notice and without reason.
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