Try our Advanced Search for more refined results

Expert Analysis

Ill.'s Limited Liability Is Unlimited

Law360, New York (April 9, 2014, 5:14 PM EDT) -- In a case of first impression, the Illinois Court of Appeals' First District issued an opinion confirming immunity from liability arising from fraud under the Illinois Limited Liability Company Act. Careful lawyers must consider the Illinois law before forming an LLC in another state. In Dass v. Yale (2013), the appellate court firmly established that personal immunity for "debts, obligations and liabilities ... whether arising in contract, tort or otherwise" includes immunity for acts of fraud....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!