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Litigation
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...
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The hallmark of the Business Opportunity Doctrine is the use of company assets to benefit a fiduciary. For instance the Doctrine would not allow a Director or Officer to profit personally by acquiring property they have reason to know the company will need or intends to acquire. In other words, fiduciaries shouldn't step in to...
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