{"id":3549,"date":"2014-04-30T10:00:28","date_gmt":"2014-04-30T15:00:28","guid":{"rendered":"http:\/\/injury.robertkreisman.com\/?p=3549"},"modified":"2014-04-28T08:50:14","modified_gmt":"2014-04-28T13:50:14","slug":"illinois-appellate-court-finds-non-shareholder-can-held-liable-corporate-debts","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-finds-non-shareholder-can-held-liable-corporate-debts\/","title":{"rendered":"Illinois Appellate Court Finds That a Non-Shareholder Can Be Held Liable for Corporate Debts"},"content":{"rendered":"<p><!--[if gte mso 9]&gt;--><\/p>\n<p class=\"MsoNormal\">The <a href=\"http:\/\/www.state.il.us\/court\/AppellateCourt\/ClerksDefault.asp\">Illinois Appellate Court for the First District<\/a> in Chicago has found that a person can be held liable for a corporation\u2019s debt even if he or she is not an officer or shareholder of the corporation.<\/p>\n<p class=\"MsoNormal\">In a case that amounts to a decision of wide-ranging implications and one of first impression on Illinois, the appeals court found that a default judgment in the amount of $421,582 against Palos Heights-based Silver Fox Pastries Inc. led to a judgment against an individual corporate \u201calter ego,\u201d the defendant Haitham Aduzir.<\/p>\n<p class=\"MsoNormal\">The lawsuit brought against Silver Fox Pastries was for violations of the <a href=\"http:\/\/ilga.gov\/legislation\/ilcs\/ilcs3.asp?ActID=2239&amp;ChapterID=62\">Illinois Trade Secrets Act.<\/a><span>\u00a0 <\/span>In that lawsuit, first filed in 2006, the plaintiff John Buckley claimed that Silver Fox was a direct competitor of his business, Momma Gramm\u2019s Bakery Inc. and that it had hired away two of its employees.<\/p>\n<p class=\"MsoNormal\"> <a href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-finds-non-shareholder-can-held-liable-corporate-debts\/#more-3549\" class=\"more-link\">Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Illinois Appellate Court for the First District in Chicago has found that a person can be held liable for a corporation\u2019s debt even if he or she is not an officer or shareholder of the corporation. In a case that amounts to a decision of wide-ranging implications and one of first impression on Illinois, [&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":[41,49,134,83],"tags":[],"class_list":["post-3549","post","type-post","status-publish","format-standard","hentry","category-breach-of-contract","category-business-litigation","category-commercial-litigation","category-corporate-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Illinois Appellate Court Finds That a Non-Shareholder Can Be Held Liable for Corporate Debts  &#8212; Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"The Illinois Appellate Court for the First District in Chicago has found that a person can be held liable for a corporation\u2019s debt even if he or she is\" \/>\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\/illinois-appellate-court-finds-non-shareholder-can-held-liable-corporate-debts\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Illinois Appellate Court Finds That a Non-Shareholder Can Be Held Liable for Corporate Debts  &#8212; Chicago Injury Lawyer Blog\" \/>\n<meta name=\"twitter:description\" content=\"The Illinois Appellate Court for the First District in Chicago has found that a person can be held liable for a corporation\u2019s debt even if he or she is\" \/>\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=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Illinois Appellate Court Finds That a Non-Shareholder Can Be Held Liable for Corporate Debts  &#8212; 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