A commercial tenant may expect that its security deposit will be segregated or held in trust by its landlord and therefore be available to be returned to it when the lease is terminated. As explained in a recent New York federal court decision,1 however, if a commercial lease does not require the landlord to segregate…
EDITOR’S NOTE: This article is the second in a three-part series about how small and mid-sized businesses should deal with customers experiencing financial difficulties. The first installment in this series focused on identifying customers that are in financial distress and taking steps to mitigate potential losses in the event a customer files bankruptcy. In this…
Meltzer, Purtill & Stelle LLC (MPS Law) is pleased to welcome three associate attorneys, one paralegal, and two summer associates to their team, further strengthening the firm’s capabilities in the areas of commercial real estate law and litigation. “MPS is only as strong as the talent and depth of our professional staff, and we’re constantly…
EDITOR’S NOTE: This article is the first in a series about how small and mid-sized businesses should deal with customers experiencing financial difficulties. Whether due to the impacts of pre-pandemic economic trends such as the shift in consumer spending toward e-commerce outlets, the effects of the federal and state governments’ responses to the COVID-19 pandemic,…
Ray Horn is a partner at MPS Law with nearly 30 years of experience in corporate law, and a considerable focus in the area of mergers and acquisitions. Recently, we sat down with Ray to discuss his M&A practice and how his approach is an ideal fit for closely held small- to mid-sized businesses. Tell…
Mark your calendar for this timely forum on key issues affecting professionals involved in real estate development, investment, and leasing in the Chicago suburbs. MPS Law partners Hal Francke and Jay Cherwin will moderate two of the panel discussions on tap for the event. Hal will moderate a discussion on “Mega Developments, while Jay will…
In this article from the March 2022 online edition of Insider 94 | Midwest Business Journal, MPS partner Ray Horn offers a distinctive look at the topic of attorney selection. His article combines practical, common sense advice with insights and anecdotes gleaned from over 20 years’ experience in mergers and acquisitions, partnership agreements and “business…
Meltzer, Purtill & Stelle LLC (MPS Law) continues to grow its professional staff by elevating associate attorney Andrew Chamberlain, who focuses on mergers and acquisitions, to partner. Separately, the firm has also hired a new partner, Michael Bregman, who is focused on commercial litigation. Chamberlain, who has been with MPS Law since 2016, works with…
EDITOR’S NOTE: In this article from the American Bankruptcy Institute’s Unsecured Trade Creditors Committee Newsletter, Tim Brink discusses the Third Circuit’s decision holding that “triangular” setoffs are not permissible in bankruptcy and rejecting the argument that parties can contract around the requirement of strict bilateral neutrality. In its recent decision in In re Orexigen Therapeutics…
Meltzer, Purtill & Stelle LLC (MPS Law) is pleased to announce a pair of key additions to its professional staff. New associate attorney Max Frazier joins the firm’s commercial litigation practice group with extensive experience in cases involving breach of contract, business disputes, commercial evictions, debt collection, and other business matters. He has represented a…
May 21, 2021 – When MBBI (the Midwest Business Brokers and Intermediaries association) announced the launch of their new “Trends in M&A” podcast, the decision to slot MPS Law partner Ray Horn as the first featured guest came as no surprise. A former MBBI president and longtime board member, Ray offers the perspective of a…
Evan D. Blewett 125 S. Wacker Drive, Suite 2900 Chicago, Illinois 60606 T: 312-461-4317 F: 312-987-9854 E: eblewett@mpslaw.com Evan Blewett, a distinguished attorney with extensive experience in commercial real estate and corporate finance transactions, has joined Meltzer, Purtill & Stelle LLC (MPS Law) as a partner. Evan’s practice spans both transactional and litigation work, with…
In this article published by IICLE (Illinois Institute for Continuing Legal Education), authors Brian Meltzer and Vickie Bresnhan (of Meltzer Purtill and Stelle / MPS), provide a comprehensive review of the history and likely future of legislation and trends regarding condominiums and CICs (common interest communities) in Illinois. As the authors of Chapter 5 of…
Introduction/Background Shopping centers and malls (collectively referred to herein as “Malls” or individually as a “Mall”) throughout the country were dealing with the effects of changing consumer buying habits due to the rise of online shopping, which was accelerated by the Corona virus. Big box retailers have been closing stores and filing for bankruptcy in…
Today, most newly constructed owner/occupant housing developments are governed by a condominium and/or non-condominium homeowners association (“HOA”) made up of the owners of the homes in the development. The housing crash and the great recession which followed (the “Crash”) exposed many flaws and weaknesses in the HOA model. See, Time to Rehab the Aging Condominium…
