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Wadler v. Bio-Rad Labs Ruling Counters ‘Violation of Rules’ Argument Trend In Whistleblower Case

In its recent opinion in Wadler v. Bio-Rad Laboratories, Inc., 916 F.3d 1176 (9th Cir. 2019), the United States Court of Appeals for the Ninth Circuit provided important guidance for determining whether provisions of the Foreign Corrupt Practices Act (FCPA) can be considered “any rule or regulation of the Securities and Exchange Commission,” upon…

An Employer’s Guide to the Illinois Secure Choice Savings Program Act

In January 2015, Illinois became the first state to fully enact legislation requiring that private-sector employers offer their workers retirement benefits. Now as employer registration deadlines for mid-sized and small companies approach, local businesses are on notice to take appropriate action steps to ensure they comply with the Illinois Secure Choice Savings Program Act to avoid per-employee…

Weigand v. Nine Fifty, Ltd.: Lack of Video Preservation Exposes Defendant to Spoliation Claim

In a recent unpublished opinion, the Illinois Appellate Court held that a person has a duty to preserve video recordings, if that person reasonably should have foreseen that the video might contain material evidence to a potential civil action. Weigand v. Nine Fifty Ltd., 2019 IL App (1st) 173169, (February 11, 2019). Failure to…

Special Salute to Special Olympics Illinois

Congratulations to the Special Olympics Illinois on its record-setting 2019 Inspire Greatness Gala and the more than $1.3MM in fundraising achieved. As a proud sponsor of the event, Lawrence Kamin salutes this year’s Athlete Honoree, Patrick McCarthy, and all of the Special Olympics athletes for their perseverance and commitment to always do their best.

FINRA Warns Firms Not to Lie or “Obfuscate” When Clients Ask About a Departed Rep

When a registered representative (“Rep”) with a large book of customers voluntarily resigns from one firm to join another, the Rep’s old firm immediately assigns a replacement. Excited about the potential to keep the book, the replacement Rep frequently races to contact the customers and secure their business. And when some of those customers…

Supreme Court Holds Annuities Are Not “Securities” Subject to Illinois Securities Department Regulation

On March 21, 2019, the Illinois Supreme Court issued its long-anticipated decision in Van Dyke v. White, 2019 IL 121452. The 30-page opinion affirms the 2016 Appellate Court decision, which had overturned a Final Administrative Order from the Illinois Department of Securities…

Chicago Bar Association Honors Mitchell B. Goldberg with Vanguard Award

We congratulate our esteemed colleague and firm partner, Mitchell B. Goldberg, on his 2019 Vanguard Award, presented by the Chicago Bar Association (CBA) at a luncheon held on April 10, 2019 at the Standard Club. This prestigious award honors individuals and institutions who have made the law and legal profession more accessible to and reflective of the community at large. Mitch was nominated by the Decalogue Society to receive the Vanguard Award for his leadership and contributions to promote strength, professionalism and diversity across the legal community, his work to build solidarity to promote access to justice and combat discrimination, and for his mentoring efforts among law students.

Illinois Court Decision Highlights Critical Importance of Updating Beneficiary Designations Post-Divorce

A case recently decided by the Illinois Appellate Court (Herbert v. Cunningham, 2018 IL App (1st) 172135, December 28, 2018, Cook Co., 6th Division) issues an important reminder to anyone who is considering or has completed a journey through divorce or domestic separation: Make sure to update your estate plan documents, beneficiary designations and…

Awarded Best Lawyer's Best Law Firms by US News & World Report 2019 Lawrence Kamin Ranked “Best Law Firm” by U.S. News and Best Lawyers®

Lawrence Kamin has been ranked in the 2019 edition of “Best Law Firms” by U.S. News and Best Lawyers. With this recognition, the firm joins an elite group of law firms that demonstrate a unique combination of quality law practice and breadth of legal expertise. Lawrence Kamin achieved National Tier 1 ranking for its work […]

Michael Wise Selected for Best Lawyer in America® Book for Second Year

Long-time Lawrence Kamin partner Michael Wise was recently named for inclusion in the Best Lawyer in America – 25th edition in 2019. Michael received this recognition from his peers in the legal industry for exemplifying professional excellence in the law areas of Securities/Capital Markets and Securities Regulation. He joins an elite group of 1,891 attorneys […]

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