Brad Axel and Bob Slobig have prevailed at trial on our clients' legal malpractice claims and obtained a judgment of over $1.5 million on the jury’s verdict against a large Chicago law firm.
The defendant law firm negligently represented our clients and their joint venture partners simultaneously, but without disclosing potential conflicts of interest or obtaining informed consent. The law firm also negligently failed to advise our clients of material risks involved in the joint venture and loan agreements associated with a $22.5 million real estate acquisition. Brad and Bob successfully tried the case in April 2013 in the United State District Court for the Northern District of Illinois. The jury found in our clients’ favor, awarding them over $1.5 million for damages suffered as a result of the law firm’s professional negligence."