An employee of an Illinois retailer purchased the business on the retirement of the owner. Hurley Stanners & Matsko incorporated a new entity for the purchase, negotiated the Purchase Agreement, negotiated the Lease and reviewed all bank loan documentation.
Recently, Hurley Stanners & Matsko successfully worked with a client on a Federal Department of Labor Investigation under the Fair Wage and Hour Act. The investigation required an analysis of each independent contractor’s hours and payments to determine if the minimum wage and overtime requirements of the Act were met. This Act covers both employees and independent contractors.
An international company with operations in the United States was sued in a Class Action lawsuit arising out of the Fair and Accurate Credit Transaction Act, an amendment to the Federal Fair Credit Reporting Act and Hurley Stanners & Matsko acted as outside counsel investigating the facts with management, reviewing insurance policy coverage and finally working with Insurance Defense Counsel as the client’s representative. The Class Action was dismissed and the individual suit subsequently filed was settled for little more than a nuisance amount.
The economic downturn in 2008 caused many banks to sell their commercial real estate developer client’s loans to investors. These investors often bought the loans at a 40% to 60% discount. A real estate developer client of Hurley Stanners & Matsko found themselves in this situation. A Loan Modification Agreement was negotiated by Hurley Stanners & Matsko and now the sale and refinance of properties is ongoing.
We negotiated a contract for a nationally know director/photographer with a Fortune 100 company for a corporate film he created for them.
An entertainment client produced art for an event for a major liquor manufacturer to increase brand recognition in the Chicago area. Hurley Stanners & Matsko negotiated the contract and happily attended the event into the late hours at a Chicago hotspot.
A client created an imprint for a small publishing company and published an anthology of poems. Hurley Stanners & Matsko worked with our client on contracts for contributors, distribution and other aspects of the publication. It was good to meet the authors at the Release Party.