Gilbert J. Schroeder

Of Counsel

Gil Schroeder is of counsel with the law firm of Clausen Miller P.C. in Chicago, Illinois. He attended DePaul University in Chicago, from which he received his A.B. (1967) and J.D. (1970) degrees. He is Vice Chair of the Fidelity and Surety Committee of TIPS and a member of the Fidelity and Surety Committees of the International Association of Defense Counsel and the Federation of Insurance and Corporate Counsel. Mr. Schroeder chaired the ABA's 1991 and 1997 National Institutes on Commercial Crime Policies, and since 1978, he has been a faculty member of the ABA's National Institutes on Financial Institution Bonds.

Mr. Schroeder has authored a number of publications in the area of fidelity and surety law. He is a contributing author for the 1979, 1989, 1992, 1995 and 1998 ABA publications Financial Institution Bonds, as well as the ABA publication Annotated Banker's Blanket Bonds and the supplements and subsequent editions thereof, now known as the Annotated Financial Institution Bond.  Other publications include:

Claims Under Financial Institution Bonds for Losses Due to Credit Card Chargebacks.  (analyzes whether a credit card chargeback loss is a variation of a loan loss and therefore is excluded from coverage under a financial institution bond).  33 THE BRIEF, No. 4 (Summer 2004); To Litigate or Not to Litigate . . . And What?  (addresses issues claims professionals should consider when deciding whether to litigate a disputed claim, including litigation strategy, forum selection, substantive claims and third party practice.  Presented to the American Bar Association, Fidelity & Surety Law Committee, Mid-Winter Meeting (January 2003); Alter Ego Defense.  (addresses whether an insured can recover under employee dishonesty coverage for loss caused by a person who has a substantial ownership interest in the insured.  Chapter appears in the American Bar Association publication, HANDLING FIDELITY BOND CLAIMS (1999), and at VI FID. L.J. 217 (2001); Credit Card Fraud Losses: A Case Study on Credit Card Chargebacks.  (analyzes coverage under a financial institution bond for losses deriving from credit card fraud and the implication of credit card chargebacks).  III FID. L.J. 23 (1997); Overpayment of the Principal as a Defense to the Surety.  (examines when the owner’s overpayment of the bond principal, in violation of the payment terms of the bonded contract, constitutes a defense to the surety’s performance bond liability).  Presented to the American Bar Association, Fidelity & Surety Law Committee, mid-winter meeting (January 1997); Handling the Complex Fidelity or Financial Institution Bond Claim: The Liability of the Insured's Officers and Directors and Their D & O Carrier, 21 Tort & Ins. Law J.269 (1986); Providing Financial Support to the Contractor, 27 Forum 1190 (1982); Procedures and Instruments Utilized to Protect the Surety Who Finances a Contractor, 14 Forum 830 (1979).

Education

  • J.D. DePaul University College of Law, 1970
  • B.A. DePaul University, 1967

Bar Admissions

  • Illinois

Court Admissions

  • Seventh Circuit Court of Appeals
  • Various Federal District Court Bars

Organization Affiliations

  • American Bar Association (Member: Torts and Insurance Practice Section; Fidelity and Surety Committee, 1970-2007) (Vice-Chair, 1990-2007)
  • Surety Claims Institute (Annual Program Chair, 1998-2007); Board of Directors 2004-2007)
  • Fidelity Law Association (Faculty Advisor to the Board of Directors 1999-2007)
  • International Association of Defense Counsel (Member, Fidelity and Surety Committee, 1980-2007
  • Defense Research Institute (1980-2007)
  • Illinois State Bar Association (1970-2007)
  • Chicago Bar Association (1970-2007)

View this attorney's Reported Decisions, Verdicts and Judgments.