{"id":3260,"date":"2014-03-12T10:00:04","date_gmt":"2014-03-12T15:00:04","guid":{"rendered":"http:\/\/injury.robertkreisman.com\/?p=3260"},"modified":"2014-03-10T07:09:13","modified_gmt":"2014-03-10T12:09:13","slug":"limited-liability-companys-member-liable-fraud-claim","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/limited-liability-companys-member-liable-fraud-claim\/","title":{"rendered":"Limited Liability Company\u2019s Member Not Liable in Fraud Claim"},"content":{"rendered":"<p><!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 10]&gt;--><\/p>\n<p class=\"MsoNormal\">Craig Yale was a limited liability member of <a href=\"http:\/\/www.wolcottgroup.net\/about\">Wolcott LLC<\/a>, a real estate development operation.<span>\u00a0 <\/span>The two plaintiffs, Dr.Biplob Dass and Brett Garry, brought a lawsuit against Wolcott LLC, claiming they were duped when purchasing a garden condominium unit from Wolcott.<\/p>\n<p class=\"MsoNormal\">In the complaint it was alleged that the unit flooded several times;\u00a0\u00a0 they also discovered that the promised inspection and repair work that would have eliminated the water hazard had not been done by Wolcott.<span>\u00a0 <\/span>At first, Dass and Garry did not know that Craig Yale was a member of the limited liability company.<span>\u00a0 <\/span><\/p>\n<p class=\"MsoNormal\">When Wolcott filed for bankruptcy protection and its debts were discharged, Dass and Garry sued Yale. The trial judge in the case dismissed the fraud claim against Yale based on \u00a710-10 of the <a href=\"http:\/\/www.ilga.gov\/legislation\/ilcs\/ilcs4.asp?DocName=080501800HArt.+10&amp;ActID=2290&amp;ChapterID=65&amp;SeqStart=3800000&amp;SeqEnd=4300000\">Illinois Limited Liability Company Act<\/a>.<span>\u00a0 <\/span>On appeal, the Illinois Appellate Court affirmed by stating that Dass and Garry \u201cdo not argue that Yale defrauded them in his individual capacity and do not argue that Yale should be liable through the doctrine of piercing the corporate veil.\u201d<\/p>\n<p class=\"MsoNormal\"> <a href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/limited-liability-companys-member-liable-fraud-claim\/#more-3260\" class=\"more-link\">Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Craig Yale was a limited liability member of Wolcott LLC, a real estate development operation.\u00a0 The two plaintiffs, Dr.Biplob Dass and Brett Garry, brought a lawsuit against Wolcott LLC, claiming they were duped when purchasing a garden condominium unit from Wolcott. In the complaint it was alleged that the unit flooded several times;\u00a0\u00a0 they also [&hellip;]<\/p>\n","protected":false},"author":795,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[91,41,49,83,124,66],"tags":[],"class_list":["post-3260","post","type-post","status-publish","format-standard","hentry","category-appellate-procedure","category-breach-of-contract","category-business-litigation","category-corporate-law","category-limited-liability-companies","category-real-estate-litigation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Limited Liability Company\u2019s Member Not Liable in Fraud Claim  &#8212; Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"Craig Yale was a limited liability member of Wolcott LLC, a real estate development operation.\u00a0 The two plaintiffs, Dr.Biplob Dass and Brett Garry,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/limited-liability-companys-member-liable-fraud-claim\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Limited Liability Company\u2019s Member Not Liable in Fraud Claim  &#8212; Chicago Injury Lawyer Blog\" \/>\n<meta name=\"twitter:description\" content=\"Craig Yale was a limited liability member of Wolcott LLC, a real estate development operation.\u00a0 The two plaintiffs, Dr.Biplob Dass and Brett Garry,\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Kreisman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Limited Liability Company\u2019s Member Not Liable in Fraud Claim  &#8212; 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