Mark A. Brown and Raymond C. Steadmon obtained a $220,000.00 settlement on behalf of a young man whose uncle stole his money to support a lavish lifestyle and left him living in poverty.
It all started in 2006, when Attorney Mark A. Brown obtained a $5.75 million settlement for five children who lost their mother and little brother in a fire in a Chicago Housing Authority (CHA) apartment. After the mother’s death, her brother was appointed guardian over three of the minor children. Unfortunately, the children’s uncle stole a large portion of the children’s settlement proceeds.
At the time he became guardian of the three minor children, the uncle was required to purchase a surety bond, which promised to pay his financial liability if he stole money or mishandled the finances.
After learning that the uncle had stolen a significant portion of the original settlement, our attorneys pursued a case against that surety bond insurance company to obtain reimbursement of the money that was stolen from one of the then minor children. Mark and Ray obtained this favorable result on his behalf on the day of trial—after the surety company had previously denied liability and refused to make any offer.
This young man has been through a great deal in his life, and we are happy that we could recover a portion of the money he lost. Have you been hurt due to the negligence or carelessness or another person? Contact our office today—by phone, live chat, or our online contact form—to find out how we can help. The case consultation is complimentary and there is no obligation.