Lozman v. Putnam

JUSTICE ROBERT E. GORDON

delivered the opinion of the court:

Plaintiff Fane Lozman and defendant Gerald Putnam were business associates whose relationship turned sour. On April 17, 1995, they signed a written agreement regarding the sharing of revenues and commissions. Just six months later, on October 9, 1995, they signed mutual releases that voided their April 17 agreement.

After a dual bench and jury trial, 1 the circuit court of Cook County held on July 2, 2005, that the release and the doctrine of laches barred plaintiffs’ cause of action for usurpation of corporate opportunities. Lozman v.…