If you’ve raised a pre-seed or seed round in the past few years, you likely did it through a SAFE (Simple Agreement for Future Equity). And if the early investor pushed back on your valuation cap, or you didn’t want
Recently, my partner Peter Sluka wrote about two Kings County Supreme Court decisions testing the procedural boundaries of shareholder-oppression claims under BCL § 1104-a. One of the lessons from those cases is that procedure can shape the outcome of a
New York Civil Practice Law and Rules § 9802 is a condition precedent that imposes a strict notice-of-claim requirement on parties pursuing contractual claims against the State’s incorporated villages. Notice of claim (CPLR 9802) is a formal, verified written claim
This week’s post examines how a premature $50 million buyback notice and a hurried $140 million third-party sale collided—leaving both transactions invalid and the Elie Tahari joint venturers stuck together, at least for now.
I’m a word person. One of the reasons I like reading e-books is any time I come across a word that’s new to me or unusual, I tap on it and up pops a definition. Not quite as convenient when
A multi-million-dollar development project which relies on site plans approved by a municipal board months prior is ready to break ground. However, the municipal board failed to refer the plans to the county planning board before approving them. The result?
One might assume that pending legal matters at the time of a law partnership’s dissolution are firm assets or property. Not so, held the New York Court of Appeals in a ruling that practically guarantees prolonged litigation over the correct
For claims to recover money due on an instrument, CPLR 3213 can provide a faster path to judgment than a plenary action—but only if its procedural requirements are strictly followed.
CPLR 3213 permits a party to move for summary judgment
Nick Reiner stands accused, but not convicted, of killing his parents, Rob and Michele Reiner (Carly Thomas, “Nick Reiner Blocked from Trust Fund Due to ‘Slayer Statute’ Amid Charges for Parents’ Murder”, The Hollywood Reporter, [last viewed on
The outcome of business divorce cases often depends upon whether a litigant is an owner of the business entity. Less often, the outcome depends upon what kind of entity the litigants own.From time to time, the variety of business organization
