Cracking Open the Corporate Coffers
Unclear Seventh Circuit precedent and conflicting district court opinions have left unresolved whether corporate financial information is discoverable in relation to a punitive-damages claim in federal court. In his August 2019 Illinois Bar Journal article, “Cracking Open the Corporate Coffers,” Thomas A. Drysdale, a chambers law clerk to the Hon. Eric I. Long of the Central District of Illinois, argues that corporate wealth is discoverable, analyzes its admissibility, and proposes a solution to resolve the tension between the relevancy and admissibility questions.
Join us online from noon until 1 p.m. Thursday, Sept. 12 to enhance your knowledge on what the Uniform Commercial Code does and doesn’t mandate on the liquidation of collateral, the legal issues involved, and what happens if the liquidation isn’t commercially reasonable. Attorneys with basic practice experience who are responsible for the lawfully correct disposition of UCC-style collateral who attend this seminar will better understand: the need to confirm the borrower's default; the secured party’s obligations on debtor’s default; how to take possession of collateral; the debtor’s right to redeem collateral; the procedures for full and partial foreclosure; how and when to give notice of sale; the differences between a public or private sale; knowing when a sale is commercially reasonable; the application of sale proceeds; and the legal effects of a sale.

In 1857, Abraham Lincoln was the defense attorney for Melissa Goings, who was charged with the murder of her husband, Roswell Goings