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Schain Banks Gets Win In Hotel Fiduciary Suit Affirmed


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Schain Banks Gets Win In Hotel Fiduciary Suit Affirmed
Law360 (April 26, 2021, 5:12 PM EDT) An Illinois state court correctly dismissed as time-barred a former Schain Banks Kenny & Schwartz client s lawsuit claiming the firm breached its fiduciary duties while working on a hotel development plan, a state appeals court has ruled.
Chicago Hotel Partners LLC and owner Brian Scheinblum s suit claiming that Schain Banks helped the company pursue an eight-floor hotel development project while also helping another client seek to derail it is blocked by Illinois two-year statute of limitations on legal malpractice claims, a three-judge appellate panel said on Friday. ....

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