Topic
LLC Dissolution
98 published works
New York Business Divorce
Delaware Court of Chancery Narrowly Construes LLC Dissolution Statute
When it comes to rulings by its Court of Chancery, what happens in Delaware definitely does not stay in Delaware. This week's New York Business Divorce looks at a recent…
Delaware Corporate & Commercial Litigation Blog
LLC Member Sues Accountant After Dissolution For Helping Other Member
Peter Mahler on his New York Business Divorce Blog, here, discusses a New York case that involves a claim by an LLC member against the accountant of a Delaware LLC that…
Delaware Corporate & Commercial Litigation Blog
Chancery Denies Dissolution Request Per Section 18-802 of the Delaware LLC Act and Per DGCL Section 226(a)(3)
In Re Seneca Investments LLC, 2008 WL 4329230 (Del. Ch., Sept. 23, 2008), read opinion here. The Chancery Court in this opinion, on a motion for judgment on the pleadings under…
New York Business Divorce
Further Thoughts on Youngwall and Judicial Dissolution of the Unprofitable LLC
Matter of Youngwall, in which Justice Stephen Bucaria last March dissolved an unprofitable LLC owned by two brothers, makes another appearance in this week's New York Business Divorce, this time…
North Carolina Business Litigation Report
Some Meaty (But Not North Carolina) Court Decisions On Business Issues
This post is about three significant business decisions from courts in other jurisdictions. They involve an issue of attorney-client privilege for limited liability companies, whether an LLC member can waive his…
New York Business Divorce
Court Orders Return of Investment as Equitable Remedy in LLC Dissolution Proceeding
A post-trial decision by Westchester Supreme Court Justice Alan Scheinkman tackles a novel remedial issue in an LLC dissolution involving 50-50 partners who went from friendship to fisticuffs over their…
New York Business Divorce
Court Grants Specific Performance of LLC Members’ Buy-Sell Agreement
This week's New York Business Divorce tells a cautionary tale about the perils business owners face when they negotiate a buy-sell agreement without counsel. Read about a recent case in…
Delaware Corporate & Commercial Litigation Blog
Dissolution Denied Despite Dysfunctional Dealings Among 3 LLC Members
A Delaware Chancery Court opinion was cited in a recent New York Supreme Court decision where a dissolution was denied to one of 3 members of a profitable LLC, based…