Topic
LLC Dissolution
98 published works
New York Business Divorce
Interview With Justice Carolyn Demarest (Ret.) on Litigating and Mediating Business Divorce Cases
This week's New York Business Divorce previews and links to the latest podcast episode of the Business Divorce Roundtable featuring an interview with retired Commercial Division Justice Carolyn Demarest in…
New York Business Divorce
Another Frozen-Out Minority LLC Member’s Petition for Dissolution Bites the . . . Sushi?
Brooklyn's newest Commercial Division Justice, Sylvia G. Ash, last month handed down an interesting decision denying a petition for judicial dissolution of an LLC brought by a 25% member alleging…
New York Business Divorce
Bad Faith Defense Gets Boost in LLC Dissolution Case
The bad faith defense has been recognized in close corporation dissolution cases involving both minority shareholder oppression and shareholder deadlock. How about LLC dissolution? This week's New York Business Divorce…
New York Business Divorce
Executor of Deceased Majority Member Appointed Receiver to Wind Up LLC
The death and testamentary bequests of the majority member of a family-owned LLC set the stage for a legal contest over the executor's standing to enforce dissolution and have himself…
New York Business Divorce
Choose Carefully: Dissolution vs. Dissociation Under RULLCA
The Revised Uniform LLC Act or "RULLCA" has been adopted by a growing number of states. This week's New York Business Divorce highlights RULLCA's overlapping dissolution and dissociation provisions as…
Real Lawyers Have Blogs
Top 10 in Law Blogs: Drones, LLC Dissolution, Family Trust Design
The progress of drones towards actually carrying a good deal of actual practicality continues onward as the government continues to shape (very closely) the rules around their use. Today, Kevin…
New York Business Divorce
Deadlock Hits Dead End in LLC Dissolution Case
In Goldstein v Pikus, decided last month by Justice Charles Ramos, the court dismissed a dissolution petition alleging deadlock, brought by one of two co-managing members of an LLC that…
Delaware Corporate & Commercial Litigation Blog
Dissolution of Profitable LLC Granted Despite Agreement Barring Voluntary Dissolution
Meyer Natural Foods LLC v. Duff, C.A. No. 9703-VCN (Del. Ch., June 4, 2015). This Court of Chancery letter ruling is noteworthy to the extent that the Court granted dissolution of an LLC despite: (i)…
New York Business Divorce
Surviving a Motion to Dismiss in LLC Dissolution Cases
Surviving a dismissal motion in LLC dissolution cases can be affected by the form of the suit, i.e., whether brought as a special proceeding or as a plenary action. Find…
New York Business Divorce
Court Rebuffs Dissolution Withdrawal in Denying Enforcement of Non-Compete
Can majority members of an LLC withdraw a dissolution claim, over two years into the case, for the purpose of enforcing against a minority member the LLC agreement's non-compete provision…