Business Tort Litigation

Focused Chicago Business Tort Attorneys Prosecuting Illinois Businesses Who Commit Unfair Practices

The business world can be very competitive, nasty, and ruthless but even in a fiercely competitive business climate, some behavior is simply unacceptable. The law allows businesses who have suffered economic loss due to unfair practices to recover compensation from responsible parties to discourage the perpetrators of this type of conduct, The Chicago business tort attorneys of the Stoltmann Law Offices Commercial Litigation Group understands the law governing this type of relief. We are aggressive advocates for clients who have suffered financial harm due to unfair commercial conduct. And we are also principled defenders of clients facing business tort allegations.

What are Business Torts?

Somewhat like a personal tort, a business tort occurs when the wrongful conduct of an individual or business causes financial harm to another business. Chicago commercial litigation lawyers can pursue tort relief for a variety of wrongful acts:

Our Chicago business tort lawyers have represented clients alleging a variety of business torts involving breach of fiduciary duty. Corporate officers, directors, high-level employees, agents and brokers, and business partners generally owe fiduciary duties. Cases asserting breach of fiduciary duty may involve allegations of withholding information, conflicts of interest, disloyalty, lying, fraudulent conduct, or reckless conduct. Proving these claims in court requires the skill of an experienced Chicago business attorney.

Fraud is one of the most common business torts. To prove fraud, a plaintiff must prove defendant made a false statement of material fact and that the defendant knew the statement was false. The defendant must have intended to induce the plaintiff to act, the plaintiff must have relied on the statement’s truth, and the plaintiff must have suffered damages because it relied on the statement. The reliance must be reasonable to win the fraud claim.

Another common business tort brought by our Chicago business litigation attorneys is the intentional or tortious interference with a business contract or prospective economic advantage. This tort is based on the idea that business relationships and advantages have value that should be free from unjustified or unfair interference by a third party. To recover for tortious interference with a contract, the plaintiff’s business tort attorneys must prove need to show that there was a valid and enforceable contract between you and another party, the defendant knew of the contractual relationship, and the defendant intentionally and unjustifiably induced a contractual breach. Experienced Chicago tortious interference attorneys must prove damages proximately resulting from the alleged harm in order to win at trial.

Tortious interference with prospective economic advantage is similar, but it is alleged when there was no contract between the plaintiff and another party. In order to establish this cause of action in Illinois, Chicago business litigation attorneys must prove: Plaintiff had a reasonable expectation of entering a business relationship; the defendant knew of this expectation; and the defendant intentionally and unjustifiably interfered such that it induced or caused a breach in expectation; and the plaintiff was proximately harmed by the alleged interference.

Discuss a Business Dispute with a Chicago Attorney

If you are involved in a business tort, fraud, breach of fiduciary duty or another type of litigation, the Chicago lawyers at the Stoltmann Law Offices Commercial Litigation Group can provide knowledgeable legal representation. Call us at 312-332-4200. We represent clients throughout Cook County, including in Mount Prospect, Oak Lawn, Winnetka, and Oak Park, as well as in DuPage County cities such as Naperville and Aurora.

Stoltmann Law Offices Commercial Litigation Group Success Stories

Businesses that are involved in business disputes and partnership disputes, have been defrauded or are facing allegations of fraud can count on the Stoltmann Law Offices Commercial Litigation Group to zealously prosecute their interests on a contingent fee basis.

  • $860,000 jury verdict: Attorney Loftus prosecuted breach of alleged oral partnership agreement alleging fraud, breach of fiduciary duty, breach of contract, promissory estoppel, and violation of California Unfair Business Practices Act in the Northern District of California. The final offer prior to trial was just $70,000.

  • $630,000 settlement result from fiduciary duty and landlord tenant dispute arising from joint ownership of a clinic.
  • Significant confidential settlement on behalf of venture capital investors alleging a breach of fiduciary duty by managers of a tech startup.

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Since its inception in March 2005, Stoltmann Law Offices, P.C. has dedicated its practice to representing investors in lawsuits and arbitration claims against brokers, financial advisors, investment advisors, and the companies they work for. Our Chicago investment fraud attorneys offer their clients a combined 35 years of experience fighting for investor rights from offices in Chicago, Illinois and suburban Barrington, Illinois and Downers Grove, Illinois.

The attorneys at Stoltmann Law Offices have dedicated their life’s work to representing investors who have been cheated or defrauded by those professionals they trusted with their hard-earned money and retirement savings, recovering in excess of $200 million for investors over the years.

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