{"id":7755,"date":"2020-07-07T10:00:48","date_gmt":"2020-07-07T10:00:48","guid":{"rendered":"https:\/\/www.robertkreisman.com\/injury-lawyer\/?p=7755"},"modified":"2021-06-07T21:48:48","modified_gmt":"2021-06-07T21:48:48","slug":"illinois-appellate-court-affirms-in-part-reverses-in-part-lawsuit-involving-limited-liability-corporation-members-and-prejudgment-interest","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-affirms-in-part-reverses-in-part-lawsuit-involving-limited-liability-corporation-members-and-prejudgment-interest\/","title":{"rendered":"Illinois Appellate Court Affirms in Part, Reverses in Part &#8212; Lawsuit Involving Limited Liability Corporation Members and Prejudgment Interest"},"content":{"rendered":"<p>In this appeal, the defendant Michael Maschmeyer\u2019s conduct as a member of the plaintiff, <a href=\"https:\/\/chicagoroofdeck.com\">Chicago Roof, Deck and Garden LLC (CRDG)<\/a>, led to an appeal regarding the claimed interest owed CRDG. Plaintiffs Darren Flynn and Tomasz Bartosiewicz owned the rest of the membership interest.<\/p>\n<p>After a bench trial, the trial judge found that Maschmeyer breached his fiduciary duty as a member of CRDG by taking business opportunities that should have been first offered to CRDG. The trial court entered judgment in favor of CRDG and against Maschmeyer as follows: (1) $1,768,927 in compensatory damages, (2) $236,350 in prejudgment interest, and (3) $651,104 in punitive damages. The total judgment in favor of CRDG and against Maschmeyer was $2,656,381.<\/p>\n<p>However, the trial judge also found that CRDG was required to compensate Maschmeyer for the fair value of his membership interest upon his disassociation from CRDG, which the court found occurred on June 16, 2014. The trial court determined that the fair value of Maschmeyer\u2019s membership interest was $2,867,376 and entered judgment in favor of Maschmeyer and against CRDG in that amount. After setting off the amount of the judgment against Maschmeyer, the trial court\u2019s judgments resulted in a net judgment in favor of Maschmeyer and against CRDG in the amount of $210,995.<\/p>\n<p> <a href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-affirms-in-part-reverses-in-part-lawsuit-involving-limited-liability-corporation-members-and-prejudgment-interest\/#more-7755\" class=\"more-link\">Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this appeal, the defendant Michael Maschmeyer\u2019s conduct as a member of the plaintiff, Chicago Roof, Deck and Garden LLC (CRDG), led to an appeal regarding the claimed interest owed CRDG. Plaintiffs Darren Flynn and Tomasz Bartosiewicz owned the rest of the membership interest. After a bench trial, the trial judge found that Maschmeyer breached [&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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[81,49,134,124],"tags":[],"class_list":["post-7755","post","type-post","status-publish","format-standard","hentry","category-breach-of-fiduciary-duty","category-business-litigation","category-commercial-litigation","category-limited-liability-companies"],"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 Affirms in Part, Reverses in Part -- Lawsuit Involving Limited Liability Corporation Members and Prejudgment Interest &#8212; Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"In this appeal, the defendant Michael Maschmeyer\u2019s conduct as a member of the plaintiff, Chicago Roof, Deck and Garden LLC (CRDG), led to an appeal\" \/>\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-affirms-in-part-reverses-in-part-lawsuit-involving-limited-liability-corporation-members-and-prejudgment-interest\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Illinois Appellate Court Affirms in Part, Reverses in Part -- Lawsuit Involving Limited Liability Corporation Members and Prejudgment Interest &#8212; Chicago Injury Lawyer Blog\" \/>\n<meta name=\"twitter:description\" content=\"In this appeal, the defendant Michael Maschmeyer\u2019s conduct as a member of the plaintiff, Chicago Roof, Deck and Garden LLC (CRDG), led to an appeal\" \/>\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":"Illinois Appellate Court Affirms in Part, Reverses in Part -- Lawsuit Involving Limited Liability Corporation Members and Prejudgment Interest &#8212; 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