Case Law Summaries

Illinois - LLC Member Liability

IllinoisFifth Third Mortgage Company v. Kaufman, No. 18-3295, decided August 9, 2019.  The US Court of Appeals, 7th Circuit held that a member of an Illinois LLC was not shielded from personal liability in a suit arising out of a mortgage fraud scheme where he participated in the fraud for his own gain and was sued in his individual capacity and not as a member of the LLC which was also held liable.

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