TDR recently secured a dismissal with prejudice of all claims brought against its clients in a hotly contested seven-figure breach of fiduciary duty case pending in the Circuit Court of Cook County.
TDR’s clients were sued for breach of fiduciary and related claims by their purported joint venture partner. The purported partner alleged that TDR’s clients failed to distribute profits in accordance with the parties’ allegedly agreed-upon formula.
TDR filed counterclaims on behalf of their clients for a declaratory judgment and for defamation. After defeating the other side’s motion to dismiss the defamation claim, the plaintiff paid TDR’s clients to settle that claim. Circuit Court Judge Thomas Allen then granted TDR’s clients’ motion to dismiss the plaintiff’s claims with prejudice and granted TDR’s clients summary judgment on their declaratory judgment action. TDR’s clients were represented by partners Gino DiVito and Mark Horwitch and associate Brent Ryan.