Leo & Weber – Fidelity and Surety Bonds Lawyers – Chicago, Illinois and New Buffalo, Michigan

The Chicago law firm of Leo & Weber was founded by Scott Leo and Michael Weber in 1998.  The firm has recently expanded with the opening of its Michigan office.  The firm provides services throughout the Midwest and nationally in the areas of fidelity insurance and litigation, surety bond claims and litigation, surety creditor workouts and bankruptcies, construction litigation, business and commercial litigation.

Leo & Weber has attorneys who are licensed in Illinois and Michigan.  Its attorneys are experienced trial attorneys who have tried some of the largest surety cases in the industry.  The firm members have published numerous journal articles and papers on construction law, fidelity and surety law and have lectured to a wide range of industry groups.

The goal of Leo & Weber is to provide the highest quality service to its clients in those areas of the law in which its lawyers are highly qualified.  It is a small firm that offers the experience and range of services within its areas of practice that gives it the depth of a large firm, while being committed to offering the personal attention to client matters that is the mark of a small firm.

Leo & Weber  litigates in courtrooms throughout Illinois including Cook County, DuPage County, Will County, Kane County, Lake County, McHenry County and other forums throughout the state. The firm also has a Michigan office and litigates in Michigan Venues.  Its experienced lawyers are licensed by the State bars of Illinois and Michigan as well as many federal districts including the United States District Court for the Northern District of Illinois, the Central District of Illinois, the United State District Court for the Eastern District of Wisconsin and others. 

Fidelity & Surety Bonds

In general terms, a surety bond is a three-party agreement relating to the guarantee of a contract or other obligation involving a surety (often a company agreeing to guarantee the performance of its principal in exchange for indemnification by its principal), a principal (the provider of a service), and an obligee (the party to whom the surety and principal are obligated under the bond).

While suretyship is a specialized form of guaranty, and a highly specific area of legal practice, the surety industry applies to many different business transactions in which it is important that performance is guaranteed, such as a loan guarantee or construction project. Surety bonds are found in many arenas including public works projects, construction bid bonds, workers compensation bonds, appeal bonds, probate bonds and other types of miscellaneous bonds too numerous to list.

The area of business that fidelity bonds cover is vast---everything from employee dishonesty to forgeries to ATM transactions to transactions governed by the Uniform Commercial code.  For instance, a fidelity bond is typically used to provide coverage to a financial institution that runs a significant risk of monetary loss, either due to employee theft, embezzlement or fraud. Being that employee theft is also the leading cause of failure for small businesses, fidelity bonds are of great importance to every type of business. However, mitigating losses for business theft is only one aspect of fidelity law.

Leo & Weber's fidelity and surety bond practice covers the area of litigating bond claims, including:

• Statutory Bonds
• Financial Institution Bonds
• Probate Administration
• Guarantee Contracts
• Public Works Contracts
• Construction Contracts
• Worker’s Compensation Bonds
• Probate Administration
• Bond Claims
• Indemnity Agreements
• Prevention of Check Fraud, Credit Card Fraud and Loan Fraud
• Bankruptcy and Surety Workouts

As experienced fidelity and surety bonds attorneys, Leo & Weber can provide knowledgeable and skilled legal services for every type of business concern, including banks, credit unions, construction companies, as well as bond litigation arising out of private and public works projects initiated by townships and cities, and government institutions.  Leo & Weber can effectively fulfill your needs in the area of fidelity and surety bonds.

Contact us at our Chicago office or New Buffalo, Michigan.