Recent News and Transactions

Our roster of attorneys includes several whose professional insights and viewpoints are in demand, and publish frequently in law bulletins and industry publications. A sampling of recent articles and blog posts are linked here, along with press releases and announcements regarding MPS Law personnel and company news.

April 16, 2019

The Bark of the Covenant: Failure to Define and Negotiate Non-Compete Clauses and Other Restrictive Covenants Can Come Back to Bite You

Author: Jeffrey Asperger

Overview With baby-boomers aging, and with over 95 million millennials in the job market, the importance of Non-Compete Clauses and Restrictive Covenants in employment agreements is sharply in focus. Boomers are at the age where they may be stepping back, retiring, or selling their businesses, while millennials and techies are starting businesses or changing employers….

March 26, 2019

MPS Law Adds Attorneys Purtill, Guggenheim

MPS Law, a widely respected Chicago area business-to-business law firm, is pleased to welcome a pair of new attorneys to their downtown Chicago office. Kevin Purtill arrives as a partner specializing in commercial litigation, creditors’ rights and restructuring, banking and finance law. Max Guggenheim is an associate whose practice areas include commercial real estate, real…

February 28, 2019

MPS Law Announces Two New Partners

Chicago-area law firm Meltzer, Purtill & Stelle (MPS Law) is pleased to announce two new partners: Steven H. Goodman as capital partner, and J.L. Cherwin Jr. as income partner. The move will further strengthen the firm’s ability to provide high-quality commercial real estate legal services to financial institutions, real estate developers, and the corporate, industrial,…

February 26, 2019

Delaware District Court Overturns Bankruptcy Court Decision Disallowing Unsecured Claim for Post-Petition Contractual Attorneys’ Fees

Author: Tim Brink

It is a quirk of the Bankruptcy Code that while it expressly allows oversecured creditors’ claims for post-petition contractual attorneys’ fees, it is silent as to the treatment of claims for post-petition contractual attorneys’ fees on unsecured claims. In part because the Supreme Court in Travelers Casualty & Surety Co. of America v. Pacific Gas…

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Recent Transactions

This section is devoted to a sampling of representative case summaries showcasing recent successes by MPS attorneys in both transactional and litigation arenas. Check back often for more results, as we update the list periodically.

Closed on the acquisition of a Rockford area site for a new store on behalf of a leading national big box retailer.

Closed a $35 million ADC loan for a Colorado bank financing residential development in the Denver metro area.

Assisted in the operational split between two co-owners of a significant franchise operation with over $40 million in annual revenues.

Obtained dismissal with prejudice of a bankrupt benefit recipient’s motion for sanctions against our client, a leading third-party claims and benefits administrator.

Engaged as Midwest regional outside counsel for a leading commercial real estate lender.

Facilitated the closing of a nearly $3 million asset sale for a household lift installation firm that we previously assisted in a major asset purchase over a decade ago.

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“We’re ready to take the next step. The first was leaving the big firm that was growing too fast. Then it was opening the Chicago office because we needed to grow. Now it’s a matter of changing to meet changes in the market – growing smarter, not bigger. That’s the next step and we’re taking it.”