2022 ILLINOIS ATTORNEYS TO WATCH
ALEXANDER LOFTUS
A lex Loftus’ professionalism and deep understanding of business law have served him well during the most conten- tious cases he’s tackled. Loftus has lev- eraged his ability to defuse tensions and focus both sides on issues that matter with a practice utilizing a mixture of flat fees and contingencies, ensuring efficient legal representation for the firm’s clients. Consider John Lynch, an attorney with Cremer Law who worked on a series of cases involving alleged trade-secret vi- olations, with many claims and cross claims pending multiple forums between unyielding parties, “Alex’s profession- alism and deep understanding of both the facts and the law applicable to these cases allowed us to have very open con- versations regarding the costs and ben- efits of continued litigation,” Lynch said. “We resolved all the pending cases during the course of a single mediation. This is a testament to the fact that Alex is wise beyond his years and places his client’s in- terests before his own.” Consider this young attorney’s excep- tional trial results: Loftus won a trial for a salesman who was stripped of approximately $800,000 in commissions. The trial was bifurcated liability and damages and settled after the liability portion for $2,6000,000. The defendants final offer before trial was $10,000. He earned a $1.4 million trial verdict for his client in a Cook County breach of a contract to loan $20,000. Loftus also won a jury verdict of $860,000 in the Northern District of California in a promissory estoppel and unfair business practices act claim.
The defendants’ final offer before trial was only $70,000. While maintaining a very busy tradi- tional business trial practice, Loftus’s greatest successes come in complex multi-plaintiff and class litigation by si- multaneously employing multiple pro- cedural tools to achieve large aggregate results. Loftus approaches problems creatively with an innate ability to accu- mulate a significant volume of clients to utilize in his byzantine plans of attack. Loftus successfully represented near- ly forty franchisees who each suffered approximately $500,000 in damage in individual arbitrations to achieve seven figure settlements for the group against related parties. Loftus filed seven arbi- tration claims, three lawsuits, and two class action suits related to the harms caused that yielded a large recovery for his clients collectively. Judge James Epstein, who has medi- ated several of Loftus’ multi-plaintiff ac- tions, observed, “He has been extremely well prepared on the facts and the law and has been tenacious in representing his clients’ interests.” Loftus represented 450 victims of a $200 million Ponzi scheme in a series of actions including multi-million-dol- lar settlements for claims alleging legal malpractice, accounting malpractice, and negligence.. “Alex has fully committed himself and his firm to full-scale commercial litiga- tion without hesitation to take cases to trial,” said mediator and arbitrator Michael Panter. “I don’t think there are many small firms dedicated to trying commercial cases as he does.
“
He has been extremely well prepared on the facts and the law and has been tenacious in representing his clients’ interests”
AGE 38
FIRM Loftus & Eisenberg, Ltd.
LAW SCHOOL DePaul University College of Law AREA OF PRACTICE Commercial, investment recovery, class action
40 Under Forty 2022 CHICAGO LAWYER & CHICAGO DAILY LAW BULLETIN
55
Powered by FlippingBook