Lost Profits Recoverable Where No Net Profit? For Professional Corporations, Yes.
It is no secret that corporations often try to reduce their tax liability by redirecting revenue taken in toward paying highly compensated employees. This allows the corporation to deduct the salaries as an expense and thus show less taxable net profit. But how does...
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Trucking Company Pays for Failure to Settle Early
The Illinois Supreme Court’s opinion in Antonicelli v. Rodriguez instructs that timing is sometimes key when it comes to settling a personal injury lawsuit. Antonicelli involved the case of a woman who suffered severe and permanent injuries when her vehicle collided...
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