Richard B. Polony
Richard B. Polony
Partner
"I utilize legal and financial knowledge and experience to provide comprehensive analysis that improves decision-making in dispute resolution, business opportunities, and risk management."
Richard B. Polony
Partner
"I utilize legal and financial knowledge and experience to provide comprehensive analysis that improves decision-making in dispute resolution, business opportunities, and risk management."
About Rich
Rich concentrates his practice on commercial litigation and general corporate matters. He advises and represents clients in a broad range of matters involving business disputes, fidelity, creditors' rights, and class action defense. Rich has extensive experience representing financial institutions in commercial loan workouts, investigating and prosecuting securities fraud claims on behalf of investors, and resolving disputes under the Uniform Commercial Code (UCC), including sales, negotiable instruments, electronic funds transfers, and secured transactions. He also negotiates and drafts forbearance agreements, loan purchase and sale agreements, and various corporate contracts, and counsels clients on the development of internal policies and procedures.
Areas of Focus
Experience
- Spearheaded fraud investigation and recovery efforts against a high-profile investment advisor and his affiliates to recover a majority of funds invested by individual and corporate-client investors.
- Successfully defended a one-hundred-year-old closely held business and its CEO from the destructive impact of a governance dispute and deadlocked board of directors utilizing unconventional litigation strategies and solutions.
- Successfully defended an asset management firm and its CEO against claims from a minority investor alleging breach of fiduciary duty, corporate waste, and conversion. Resolved the dispute by negotiating a buyout on favorable terms for the client.
- Successfully defended financial institutions from class action claims involving alleged improper calculations of interest for business loans.
Recognition
- Crains Chicago Business, Notable Minority Executive, Accounting, Consulting, and Law, 2020
- Leading Lawyer, Commercial Litigation
- Martindale-Hubbell, BV® Distinguished Peer Review Rating
Credentials
Education
- Chicago-Kent College of Law at Illinois Institute of Technology, JD, 1995
- Loyola University Chicago, BA, Finance, 1987
Bar Admissions
- Illinois
Court Admissions
- US District Court for the Central District of Illinois
- US District Court for the Northern District of Illinois
- US District Court for the Northern District of Indiana
Languages
- Spanish
Thought Leadership
Presentations
- "Is It Safe? Ethical Implications of Connectivity," Fidelity Law Association, Chicago, Illinois, November 2015
- "Avoiding 'Oops in Risk of Loss," Society of Risk Management Consultants, Chicago, Illinois, May 2014
- "Computer Fraud, Funds Transfer and Loss Sustained vs. Loss Discovered Coverage," Chubb Group of Insurance Companies, Simsbury, Connecticut, April 2014
Press Release
Interests
Did you know...
Rich enjoys spending time with family, smoking and barbecuing meats, and swimming.
Thought Leadership
Presentations
- "Is It Safe? Ethical Implications of Connectivity," Fidelity Law Association, Chicago, Illinois, November 2015
- "Avoiding 'Oops in Risk of Loss," Society of Risk Management Consultants, Chicago, Illinois, May 2014
- "Computer Fraud, Funds Transfer and Loss Sustained vs. Loss Discovered Coverage," Chubb Group of Insurance Companies, Simsbury, Connecticut, April 2014
Press Release
Rich's Insights
Press Release
Dec 14, 2020
Hinshaw’s Richard Polony Selected Among Crain’s 2020 Notable Minorities in Law
Press Release
Dec 14, 2020
Hinshaw’s Richard Polony Selected Among Crain’s 2020 Notable Minorities in Law
