Cases & Deals

Directors of Seaway Bancshares resolve lawsuit relating to fraud and breach of fiduciary duty claims

Client(s) Board of Directors of Seaway Bancshares, Inc., et al.

Jones Day represented the board of directors of Seaway Bancshares, Inc. in a lawsuit filed by an investor alleging that the board of Seaway Bancshares and others had (a) conspired to defraud him and (b) breached various fiduciary duties owed to him. The board resolved the dispute through settlement.

Musa P. Tadros v. 7R Capital Management, et al., No. 2017-L-000882 (Cir. Ct. Cook Cty., Ill.)