Key Takeaways:
- New York gives an oppressed LLC member no oppression statute. LLC Law § 702 is the sole route to judicial dissolution, and the courts apply it more strictly than the corporate oppression standard — exclusion from management, unpaid distributions, and member discord do not, by themselves, state a claim.
- The two grounds that survive are failed purpose and financial infeasibility, both measured against the operating agreement. Facts that fit those prongs win; freeze-out facts dressed up as dissolution claims get dismissed at the pleading stage.