In River East Plaza, Liquidated damages
Gregory Thorpe
RIVER EAST PLAZA: LIQUIDATED DAMAGESANALYSIS APPLIES TO PREPAYMENT PREMIUMGregory A. Thorpe* Editors’ Synopsis: This Article analyzes the recent decision from the Northern District of Illinois, River East Plaza, L.L.C. v. Variable Life Annuity Co., in which the court held that a liquidated damages analysis may be applied in Illinois when determining the enforceability of the prepayment-premium provision. The author argues that the court’s opinion in this case may not reflect accurately Illinois...