HSPRD Has Largest Reported Business Settlement in Chicago in 2016

HSPRD Has Largest Reported Business Settlement in Chicago in 2016

cln_logo_lb_website1HSPRD is proud to be recognized by Chicago Lawyer Magazine, in their annual settlements survey, for the largest reported settlement of an Illinois business case during 2016.

The $45.3 million settlement obtained by HSPRD and Jenner & Block for their client Frances F. Gecker, the Chapter 7 bankruptcy trustee for Emerald Casino, resolved claims against one of six defendant directors and officers of the defunct Emerald Casino, in breach-of-contract and breach-of- fiduciary-duty litigation brought by the trustee against Emerald’s officers and directors. Claims against four more defendants are currently on appeal before the United States Court of Appeals for the Seventh Circuit in Chicago. Those claims could yet boost the total recovery to $272,000,000 or more.

HSPRD attorneys Matthew Piers, Josh Karsh, and Chirag Badlani, paralegal Elizabeth Morales, and many other HSPRD attorneys and staff, achieved this extraordinary result.