Diversity jurisdiction brought this complex commercial case before the 7th Circuit, which applied Illinois law to a series of trademark and business questions. At issue was whether the developer of chenille fabric under the tradename "Kashwere" (Selzer) could prevent a series of transactions via a non-compete agreement ("NCA") and, conversely, whether the buyer of the...Read More
When you file for bankruptcy you sign sworn schedules that itemize your assets. If you fail to disclose in full or fail to update your asset summary, you risk a creditor objecting to discharge on the basis of fraud. Claims that arise after the bankruptcy filing like future lawsuits are also assets of the Estate....Read More
As the economy continues to sputter and consumers gasp for air, credit card issuers have been developing a strategy to cope with the chaos. Will they be offering longer terms? Lower interest rates? Perhaps rebates to long-time, loyal customers?Read More
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