Hepler Broom, LLC

Monthly Archives: July 2013

Can Parent Companies be Held Liable for the Acts of Their Subsidiaries? The Theory of Expanded Liability for Parent Companies in Illinois

July 24, 2013

** By HeplerBroom Summer Associate Tiffany B. Wong A.¬†Direct Participant Liability Negligence Theory in Illinois In Illinois, it is a bedrock principle of limited liability deeply ingrained in our economic and legal systems that a parent company is not liable for the acts of its subsidiary.¬† Liability for negligence arises when one person breaches a […]