Signal Funding, LLC v. Signal Financial Holdings, LLC

Plaintiff is a litigation funding company that filed suit after one of its executives resigned and started a competing venture, consulting with the plaintiff’s outside counsel in doing so. At issue on appeal were the claims brought against outside counsel’s law firm and attorneys for legal malpractice, breach of contract, breach of fiduciary duty, fraud, and fraudulent concealment. The district court had resolved those claims in favor of the firm and attorneys. The Seventh Circuit affirmed, finding that the district court carefully considered the legal and factual issues and did not err in finding in favor of the defendant law firm on various motions to dismiss and motions for summary judgment. (RIPPLE and ST. EVE, concurring)