Commercial Banking, Collections, and Bankruptcy

Senate Bill 1134

Topic: 
Foreclosure notice

( Harmon, Oak Park) makes it the duty of the plaintiff or his or her representative to mail to each defendant listed on the filed affidavit for service by publication a copy of the published notice by first-class mail addressed to each defendant whose place of residence is stated on the affidavit if any defendant cannot be personally served with a summons and complaint. Specifies that it is not the duty of the clerk of court or any nonparty to the case to do this. An affidavit of the plaintiff or his or her representative stating that he or she has mailed the copy of the notice is evidence that this has been done. Scheduled for hearing this Tuesday in Senate  Judiciary Committee. 

Kreg Therapeutics, Inc. v. VitalGo, Inc.

Federal 7th Circuit Court
Civil Court
Contracts
Citation
Case Number: 
Nos. 17-3005 & 17-3227 Cons.
Decision Date: 
March 14, 2019
Federal District: 
N.D. Ill., E. Div.
Holding: 
Affirmed

Dist. Ct. did not err in granting plaintiff’s motion for summary judgment, alleging that defendant breached contract that gave plaintiff exclusive distribution rights to sell defendant’s medical bed as long as plaintiff submitted minimum number of orders for said bed. Defendant failed to file response to plaintiff’s summary judgment motion, which otherwise indicated that plaintiff had submitted requisite number of orders to retain instant exclusivity rights. Moreover, Dist. Ct. did not err in granting plaintiff’s motion to amend its complaint to add damages claim, even though said motion was filed after plaintiff had obtained instant summary judgment order. Record supported finding that defendant could have foreseen plaintiff’s consequential damages caused by instant breach, where plaintiff’s representative made clear during contract negotiations that plaintiff needed exclusivity rights to make agreement worthwhile and to allow plaintiff to develop customer base. Also, Dist. Ct. could properly calculate damages by estimating fair market value for agreement at time of breach and then reducing expected profits by 10.08 percent to account for market risk and uncertainty.

In the Matter of Steenes

Federal 7th Circuit Court
Civil Court
Bankruptcy
Citation
Case Number: 
Nos. 17-3630 et al. Cons.
Decision Date: 
March 14, 2019
Federal District: 
N.D. Ill., E. Div.
Holding: 
Reversed

Bankruptcy Ct. erred in denying City of Chicago’s requests to vacate orders keeping debtors’ vehicles in debtors’ bankruptcy estates, where said requests had been filed after Chapter 13 payment plans had been established, and where: (1) debtors had incurred almost $12,000 in traffic-related fines while vehicles were in bankruptcy estates; and (2) inclusion of said vehicles in bankruptcy estates meant that City would not get paid for said fines and automatic stay of 11 USC section 362 prevented said vehicles from being towed. Generally, under 11 USC section 1327(b), confirmation of payment plan vests all property in bankruptcy estate to debtor, and Bankruptcy Ct. failed to state why debtors’ vehicles had to remain in bankruptcy estate. Moreover, point of returning property to debtors is to ensure that debtors pay ordinary and necessary expenses of maintaining their property, and Ct. rejected proposition that Chapter 13 permits debtors to use particular assets (i.e. vehicles) to earn money without paying for assets’ expenses.

Senate Bill 1526

Topic: 
Civil procedure

(Fine, D-Glenview) requires every count in a complaint and counterclaim to request specific remedies the party believes it should receive from the court except in personal injury actions. For personal injury actions, a party may not claim an amount of money unless necessary to comply with the circuit court rules. Allows a party to request remedies from the court in the alternative. Remedies requested from the court do not limit the remedies available except in the case of default. In default cases, if a remedy is sought in the pleading that is beyond what the defaulted party requested, notice must be given to the defaulted party. The defendant is not prohibited from requesting from the plaintiff the amount of damages sought in interrogatories. Repeals a provision regarding prayer for relief. Scheduled for hearing next Tuesday in Senate Judiciary Committee. 

Senate Bill 2128

Topic: 
Illinois Certified Shorthand Reporters Act

(Harmon, D-Oak Park) provides shorthand reporting includes the making of a verbatim record by the use of closed microphone voice dictation silencer and pen shorthand writing. Provides that the Department of Financial and Professional Regulation may certify an applicant who is a certified verbatim reporter or registered professional reporter of another jurisdiction as a certified shorthand reporter. Scheduled for hearing next week in the Senate Licensed Activities Committee. 

Ritchie Multi-Strategies Global, LLC v. Huizenga Capital Management, LLC

Illinois Appellate Court
Civil Court
Appellate Jurisdiction
Citation
Case Number: 
2019 IL App (1st) 182664
Decision Date: 
Monday, March 11, 2019
District: 
1st Dist.
Division/County: 
Cook Co., 1st Div,
Holding: 
Appeal dismissed.
Justice: 
MIKVA

Plaintiff filed a notice it claimed was an interlocutory appeal as of right under Rule 307(d), asking court to overturn circuit court order that "dissolved" a temporary restraining order (TRO). At time of entry of that order, TRO had already expired several months before, by virtue of its 10-day duration. The interlocutory jurisdiction of Rule 307(a) and expedited procedures of Rule 307(d) do not apply where there was no injunctive order in place that was being "dissolved" by circuit court. There can be no dissolution of an expired TRO.(PIERCE and WALKER, concurring.)

House Bill 3499

Topic: 
Home warranty

(Manley, D-Romeoville,) provides that a director, officer, member, manager. general partner, or person dissociated as a general partner of a business entity remains liable to a home buyer after dissolution of the entity for any obligation arising under a warranty for the sale of a new home. It amends the Business Corporation Act of 1983, the Limited Liability Company Act, and the Uniform Limited Partnership Act (2001). It is scheduled for hearing this Wednesday in House Judiciary Committee. 

Senate Bill 1929

Topic: 
FOIA

(Curran, R-Woodridge) exempts from inspection and copying interagency or intra-agency memoranda or letters that would not be available by law to a party other than an agency in litigation with the agency. Provides that the exemption does not apply to a record created 25 years or more before the date on which the record is requested. Scheduled for hearing tomorrow in Senate Judiciary Committee. 

House Bill 1466

Topic: 
Condominium Property Act

(Harris, D-Chicago) authorizes the board of managers acting on behalf of all unit owners to allocate the percentage of ownership in the common elements as a tract for each unit for the limited purpose of calculating the assessment or levy of any such taxes, special assessments, or charges of the State of Illinois or of any political subdivision. It may do so by a two-thirds vote of the unit members at a meeting duly called for such a purpose or upon such greater vote as may be required by the declaration or bylaws. 

Requires this allocation of ownership to be based on the square footage of each individual unit and that it be separate from, and in addition to, the allocation for purposes of association assessments for common expenses, association special assessments and charges, and voting rights. It has been assigned to the House Revenue and Finance Committee. 

House Bill 1466 is limited to associations with 20 units or less. It has been assigned to House Revenue and Finance Committee for a hearing next week. 

House Bill 3416

Topic: 
Condominium Property Act

(Andrade, D-Chicago) prohibits a community association manager who provides community association management services from entering into any agreement for payment or commission with any person, corporation, party, partnership, or other entity that provides goods or services to the association without first giving prior written disclosure to the board of managers. Assigned to House Judiciary Committee.