Topic
LLC Dissolution
98 published works
New York Business Divorce
Chicken Sh*t Bingo Fans Rejoice: The Dragpipe Saloon Survives a Dissolution Scare
This week's New York Business Divorce travels to South Dakota whose Supreme Court recently issued a noteworthy decision denying judicial dissolution of a single-asset realty holding LLC that primarily operated…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – PES Holdings, LLC
By Cole Schotz
PES Holdings, LLC, along with seven of its affiliates, has filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware…
New York Business Divorce
LLC’s Post-Dissolution Receivership is On, is Off, is On
LLCs in receivership is our topic for the second week in a row. This week’s post looks at a dispute between 50/50 LLC members involving the on-again, off-again appointment of…
New York Business Divorce
The Brothers Cortazar Wage War Once Again
In this week's New York Business Divorce, read about two bitterly antagonistic brother/co-owners making their second appearance on this blog, this time in a juicy decision following a full-blown trial…
New York Business Divorce
The Bad-Faith Petitioner Defense Makes Successful Debut in LLC Dissolution Case
This week's New York Business Divorce highlights an important decision denying a dissolution petition brought by the 50% member of a realty-holding LLC on the ground that his own deliberate…
Delaware Corporate & Commercial Litigation Blog
Court Dissolves LLC Based on “Not Reasonably Practicable” Standard
Why This Decision is Noteworthy: By comparison to some of the other corporate and commercial litigation issues addressed by the Court of Chancery, there remains a relatively modest number of court…
New York Business Divorce
Gymnastics Business Falls Off the Beam in LLC Dissolution Case
A rare post-trial decision granting a minority member's petition for judicial dissolution of an LLC with no operating agreement takes the spotlight in this week's New York Business Divorce.
New York Business Divorce
The LLC Equitable Buyout: Past, Present, Future
In less than a decade the LLC "equitable buyout" doctrine went from non-existent to settled law in New York. How did it happen? What happens next? Read on in this…
New York Business Divorce
“Where’s the Beef?” Says Appeals Court, Reversing LLC Dissolution
After more than two years in receivership, an appeals court gives a dissolved LLC a new lease on life because the petitioners "offered no competent evidentiary proof" why the entity…
New York Business Divorce
LLC’s Purpose Being Achieved? Business Doing Fine? Good Luck Getting Judicial Dissolution
A minority member of an LLC that operates a Manhattan restaurant learned how tough it can be to get judicial dissolution of a financially sound LLC that's achieving its intended…