{"id":7502,"date":"2019-11-01T10:00:25","date_gmt":"2019-11-01T10:00:25","guid":{"rendered":"https:\/\/www.robertkreisman.com\/injury-lawyer\/?p=7502"},"modified":"2021-02-08T16:27:31","modified_gmt":"2021-02-08T16:27:31","slug":"u-s-district-court-denies-motion-for-summary-judgment-in-restrictive-covenant-lawsuit-relating-to-final-payment-of-11-million","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/u-s-district-court-denies-motion-for-summary-judgment-in-restrictive-covenant-lawsuit-relating-to-final-payment-of-11-million\/","title":{"rendered":"U.S. District Court Denies Motion for Summary Judgment in Restrictive Covenant Lawsuit Relating to Final Payment of $11 Million"},"content":{"rendered":"

The issue in this case was whether there was a material breach under Illinois contract law as to American Guardian Holdings<\/a> or AGH. AGH claimed it was excused from having to pay the final installments totaling $11 million for Steven Freedman\u2019s shares in AGH because it was alleged that Freedman breached restrictive covenants in a settlement agreement.<\/p>\n

When AGH agreed to redeem Freedman\u2019s shares in AGH, it insisted on non-competition, non-solicitation and non-interference covenants to block Freedman, his son Max and any of their businesses from competing against AGH in selling \u201cvehicle service contracts\u201d or \u201cextended warranties\u201d through auto dealers.<\/p>\n

Freedman\u2019s other businesses included a brokerage that provided policies to owners of recreational vehicles, plus a personal-and-commercial-lines insurance agency called American Integrity Insurance Solutions, or AIIS, which was run by Freedman\u2019s son, Max.<\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The issue in this case was whether there was a material breach under Illinois contract law as to American Guardian Holdings or AGH. AGH claimed it was excused from having to pay the final installments totaling $11 million for Steven Freedman\u2019s shares in AGH because it was alleged that Freedman breached restrictive covenants in a […]<\/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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[41,49,170],"tags":[],"class_list":["post-7502","post","type-post","status-publish","format-standard","hentry","category-breach-of-contract","category-business-litigation","category-noncompete-contracts"],"yoast_head":"\nU.S. District Court Denies Motion for Summary Judgment in Restrictive Covenant Lawsuit Relating to Final Payment of $11 Million — Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"The issue in this case was whether there was a material breach under Illinois contract law as to American Guardian Holdings or AGH. AGH claimed it was\" \/>\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\/u-s-district-court-denies-motion-for-summary-judgment-in-restrictive-covenant-lawsuit-relating-to-final-payment-of-11-million\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"U.S. District Court Denies Motion for Summary Judgment in Restrictive Covenant Lawsuit Relating to Final Payment of $11 Million — Chicago Injury Lawyer Blog\" \/>\n<meta name=\"twitter:description\" content=\"The issue in this case was whether there was a material breach under Illinois contract law as to American Guardian Holdings or AGH. AGH claimed it was\" \/>\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=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. District Court Denies Motion for Summary Judgment in Restrictive Covenant Lawsuit Relating to Final Payment of $11 Million — Chicago Injury Lawyer Blog","description":"The issue in this case was whether there was a material breach under Illinois contract law as to American Guardian Holdings or AGH. 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