Recent Illinois Case: Stevens v. McGuireWoods LLP

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The Illinois Supreme Court affirmed the Appellate Court’s holding that individual malpractice claims were barred because plaintiff-minority shareholders were not directly injured by malpractice suffered by a corporation. The court reversed the Appellate Court’s holding that the case be remanded for consideration of whether a derivative claim was barred because the plaintiffs no longer held stock in the corporation at issue and, therefore, did not have standing to bring a derivative claim.

Stevens v. McGuireWoods LLP, 2015 IL 118652

(This is for informational purposes and is not legal advice.)

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