Business Law

Should Your Closely-Held Corporation Have an Advisory Board?

A closely-held corporation can benefit from having an outside director with special expertise (e.g., strategy, marketing, HR, technology, finance and international business). However, potential outside directors are often reluctant to take on the role of a director of a closely-held corporation because of fiduciary obligations…
Business Law Labor and Employment Law

Employee Relations by Social Media Puts Employers in Peril

Employee Relations and Social Media Create a Toxic Mix Businesses use social media to build their brands.  Social media discussions, however, of employee relations issues frequently harm an employer’s brand. For example, recently a soon-to-be former Yelp employee blogged about her impoverished lifestyle because of the Bay…
Business Law

Doing Business in Illinois or with Illinois Companies? Beware the Illinois Eavesdropping Statute!

In today’s age, people and enterprises often routinely record personal and business communications for a variety of valid reasons. However, those persons and companies residing and doing business in Illinois should become familiar with the Illinois Eavesdropping Statute (720 ILCS 5/Art. 14) before recording conversations…
Business and Insurance Business Law Environmental Law

Work Comp Law is “Exclusive Remedy” for Asbestos Injuries

The Illinois Supreme Court recently resolved an outstanding question under Illinois law of whether the Illinois Workers Compensation Statute is the exclusive remedy against an employer by a former employee claiming damages for asbestos related injuries, including long developing cancers. In Folta v. Ferro Engineering,…