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
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...Read More
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