RSP Quarterly

SUMMER 2010

ANNA NICOLE SMITH’S ESTATE: KEEPING
UP WITH THE LATEST LEGAL DRAMA

Only a few do not know of the infamous Playboy playmate, Anna Nicole
Smith. But, only a few would recognize the name J. Howard Marshall II.
While performing at a strip club in Houston when she was 24, Anna Nicole
Smith (then Vickie Lynn Lawrence) met the elderly Texas oil tycoon J. Howard
Marshall II, 63 years her senior. Anna Nicole married J. Howard in 1994.
Thirteen months later, at the ripe old age of 90, J. Howard died and left an
estate valued at $1.6 billion.

Click here to read the full newsletter

Spring 2010

IS YOUR CONDOMINIUM DISTRESSED OUT?

Municipalities have a new weapon to combat stalled condominium
developments. The Illinois Condominium Property Act now allows
municipalities to regain condominium housing stock that is lying in waste
as a result of developers’ fraudulent schemes or financial misfortunes.
A municipality may commence a suit in court to regain control of “distressed
condominium property” through either appointment of a receiver, forcing
the property to be de-converted from a condominium by court order or
compelling the sale of the entire project. 765 ILCS 605/14.5.

Click here to read the full newsletter

Winter 2010

WHEN TO HOLD ‘EM, WHEN TO FOLD ‘EM
Legal video gaming comes to Illinois – or maybe it doesn’t

Video gaming is an electronic video game machine into which the player
inserts cash and then plays a card game like poker or blackjack against
the machine. Video gaming is a form of gambling and has always been strictly
illegal in Illinois, outside of licensed riverboat casinos.

Click here to read the full newsletter

FALL 2009

CUBS WIN WORLD SERIES –
About as likely as the Cubs filing bankruptcy.

Much has been made about the off-again, on-again sale of the Chicago
Cubs by the Tribune.

We have a winner of the bidding war! Negotiations are going fine! Cubs’ parent,the Tribune, files bankruptcy! Tribune’s bankruptcy won’t affect the sale! The dealis done! Last minute hang ups! The deal’s not done. New bidder group contacted!

Click here to read the full newsletter

Winter 2009

THE MORTGAGE FORECLOSURE CRISIS:
How did we get to where we are and where are we going?

If you have been reading the newspapers, listening to talk radio or watching
the TV news, you have become both acutely aware and often immune to
terms such as “mortgage foreclosure crisis,” “predatory lending,” “subprime
loans,” and “adjustable rate mortgages (ARMS).”

Click here to read the full newsletter