News

• Mr. Woolley received a 2022 Excellence in Pro Bono and Public Interest Service Award from the Judges of the United States District Court for the Northern District of Illinois and the Chicago Chapter of the Federal Bar Association

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       Charles Randall Woolley, II

       Presenter: Magistrate Judge Gabriel A. Fuentes

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• Minnesota Supreme Court Upholds Vendor Warranty

• Seventh Circuit Upholds Vendor Warranty, Reversing District Court

• Seventh Circuit Holds that Borrower Breached Warranty to Lender Regarding Delivery of Rail Collateral

• Seventh Circuit Affirms Judgment Against Insurance Carrier Under Fidelity Bond

• Askounis & Darcy, PC Successfully Dismisses Claims against Lessors for RICO, Fraud and Civil Conspiracy in Michigan State Court

• Askounis & Darcy, PC Obtains Dismissal with Prejudice of California Class Action

• Court of Appeals of Michigan Grants Assignee of Subordination Agreement Lien Priority, Reversing Trial Court

• Wisconsin Federal Court Holds Corporate Principals Liable for Conversion for Failing to Return Equipment to Lessor

• Bankruptcy Court for the Eastern District of California Enters Summary Judgment on Behalf of National Insurance Carrier, Rendering $2.4 Million Debt Nondischargeable

• Debra Devassy Babu was appointed to serve as a member of the Equipment Leasing and Finance Association’s Legal Committee.

• Federal Court Dismisses Vendor’s Breach of Fiduciary Duty Counterclaim against US Bancorp with Prejudice

• Askounis & Darcy, PC Prevails on Motion to Dismiss Counterclaim for Fraud, Negligence and Implied Covenant of Good Faith and Fair Dealing

• Askounis & Darcy, PC Prevails on Motion to Dismiss Counterclaim for Violation of Fair Debt Collection Practices Act

• Northern District of Illinois Upholds Validity of “Opt-Out Class Action Notice” in Norvergence litigation

• Accomplices to $213 Million Ponzi Scheme Uncovered by Askounis & Darcy, PC Plead Guilty

• Illinois Trial Court Enforces Jury Waiver Clause in Norvergence Leases

• Thomas V. Askounis was elected to serve as a member of the Board of Directors of the Equipment Leasing and Finance Association.

• Alex Darcy was appointed to serve as a member of the Equipment Leasing and Finance Association’s Service Provider Business Council Steering Committee.

• Randall Woolley was appointed to the Bankruptcy Section Executive Council for the Commercial Law League of America for the term 2012-2015.

• Askounis & Darcy, PC Prevails on Appeal in Colorado Forum Selection Clause Dispute.

• Askounis & Darcy, PC negotiates settlement with the Federal Trade Commission on behalf of its client, resulting in a settlement with no admission of liability, no injunctive relief, and no payment of restitution

 

Publications

• “Vendors, Keep Your Promises”
  Debra Devassy Babu

• “Attachment and Perfection of Security Interests: Small Errors, Fatal Consequences”
  Thomas V. Askounis, Debra Devassy Babu, Allison Kahrnoff

• “Inventory Liens: A Trap for the Unwary Lessor”
  Debra Devassy Babu

• "Common Pitfalls of the Broker-Lender Relationship and Possible Documentary Solutions"
  Thomas V. Askounis, D. Alexander Darcy, Debra Devassy Babu

• "Floating Forum Selection Clauses - Where Are They Landing?"
  Thomas V. Askounis, D. Alexander Darcy, Debra Devassy Babu