{"id":7945,"date":"2021-09-17T10:00:48","date_gmt":"2021-09-17T10:00:48","guid":{"rendered":"https:\/\/www.robertkreisman.com\/injury-lawyer\/?p=7945"},"modified":"2021-09-16T11:20:28","modified_gmt":"2021-09-16T11:20:28","slug":"illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/","title":{"rendered":"Illinois Supreme Court Reverses in Breach of Fiduciary Duties for Lack of Damages in Corporate Usurpation Lawsuit"},"content":{"rendered":"<p>The Illinois Supreme Court has reversed a lower court\u2019s ruling in a case involving an alleged breach of fiduciary duty.<\/p>\n<p>In this case, the trial court first ruled that, although defendants had breached their fiduciary duties to the plaintiff, <a href=\"https:\/\/www.indeck.com\">Indeck Energy Services<\/a>, Indeck had failed to establish any usurpation of a corporate opportunity. The court found that both the turbine and the funding opportunities were still available to Indeck at the time of trial.<\/p>\n<p>After a bench trial in favor of the defendant, the appellate court then reversed the trial court\u2019s ruling, holding that it was \u201cimmaterial\u201d whether a corporate opportunity still existed for Indeck. 2019 IL App (2d) 190043.\u00a0 According to the appellate court, once Indeck established that defendants DePodesta and Dahlstrom had breached their fiduciary duty by choosing not to disclose or tender the funding opportunity to Indeck, that \u201canswered in the affirmative the corporate-usurpation question.\u201d<\/p>\n<p> <a href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/#more-7945\" class=\"more-link\">Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Illinois Supreme Court has reversed a lower court\u2019s ruling in a case involving an alleged breach of fiduciary duty. In this case, the trial court first ruled that, although defendants had breached their fiduciary duties to the plaintiff, Indeck Energy Services, Indeck had failed to establish any usurpation of a corporate opportunity. The court [&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":[49,134,83],"tags":[],"class_list":["post-7945","post","type-post","status-publish","format-standard","hentry","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 Supreme Court Reverses in Breach of Fiduciary Duties for Lack of Damages in Corporate Usurpation Lawsuit &#8212; Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"The Illinois Supreme Court has reversed a lower court\u2019s ruling in a case involving an alleged breach of fiduciary duty. In this case, the trial court\" \/>\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-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Illinois Supreme Court Reverses in Breach of Fiduciary Duties for Lack of Damages in Corporate Usurpation Lawsuit &#8212; Chicago Injury Lawyer Blog\" \/>\n<meta name=\"twitter:description\" content=\"The Illinois Supreme Court has reversed a lower court\u2019s ruling in a case involving an alleged breach of fiduciary duty. In this case, the trial court\" \/>\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 Supreme Court Reverses in Breach of Fiduciary Duties for Lack of Damages in Corporate Usurpation Lawsuit &#8212; Chicago Injury Lawyer Blog","description":"The Illinois Supreme Court has reversed a lower court\u2019s ruling in a case involving an alleged breach of fiduciary duty. In this case, the trial court","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/","twitter_card":"summary_large_image","twitter_title":"Illinois Supreme Court Reverses in Breach of Fiduciary Duties for Lack of Damages in Corporate Usurpation Lawsuit &#8212; Chicago Injury Lawyer Blog","twitter_description":"The Illinois Supreme Court has reversed a lower court\u2019s ruling in a case involving an alleged breach of fiduciary duty. In this case, the trial court","twitter_misc":{"Written by":"Robert Kreisman","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/#article","isPartOf":{"@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/"},"author":{"name":"Robert Kreisman","@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/#\/schema\/person\/5e5596abf7be77fdabc788f0a78f042b"},"headline":"Illinois Supreme Court Reverses in Breach of Fiduciary Duties for Lack of Damages in Corporate Usurpation Lawsuit","datePublished":"2021-09-17T10:00:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/"},"wordCount":743,"articleSection":["Business Litigation","Commercial Litigation","Corporate Law"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/","url":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-supreme-court-reverses-in-breach-of-fiduciary-duties-for-lack-of-damages-in-corporate-usurpation-lawsuit\/","name":"Illinois Supreme Court Reverses in Breach of Fiduciary Duties for Lack of Damages in Corporate Usurpation Lawsuit &#8212; Chicago Injury Lawyer Blog","isPartOf":{"@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/#website"},"datePublished":"2021-09-17T10:00:48+00:00","author":{"@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/#\/schema\/person\/5e5596abf7be77fdabc788f0a78f042b"},"description":"The Illinois Supreme Court has reversed a lower court\u2019s ruling in a case involving an alleged breach of fiduciary duty. 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