Topic
LLC Dissolution
98 published works
New York Business Divorce
Court Decision Boosts Equitable Buy-Out Remedy in LLC Dissolution Case
A decision last month by Justice Carolyn Demarest in Mizrahi v. Cohen adds to the short but growing list of LLC dissolution cases in which courts have ordered equitable buy-outs…
New York Business Divorce
New Jersey Adopts Revised LLC Act Authorizing Dissolution for Minority Oppression
New Jersey recently became the eighth state to adopt the Revised Uniform Limited Liability Company Act including a new provision authorizing judicial dissolution of LLCs on the ground of oppressive…
New York Business Divorce
Court Rejects Marketability Discount in LLC Fair Value Case
In the second of two posts on the recent post-trial decision in Chiu v. Chiu, involving the disputed ownership of a single-asset real estate holding company, this week's New York…
Delaware Corporate & Commercial Litigation Blog
Chancery Addresses Issues in Dissolution of LLC
Gould v. Gould, C.A. No. 3332-VCP (Del. Ch. Aug. 14, 2012). This 38-page decision addressed issues that arose in connection with the dissolution of an LLC, and in particular, disputes that…
New York Business Divorce
Majority Member’s “Egregious Breach” of Operating Agreement Leads to LLC’s Judicial Dissolution
Justice Kevin Dowd issued a significant decision last month, granting dissolution of an LLC operating a youth baseball camp near the Baseball Hall of Fame in upstate Cooperstown, based on…
New York Business Divorce
Can a Member of a Member of an LLC Sue to Dissolve the LLC?
By statute a member can seek judicial dissolution of an LLC, but can a member of a member seek dissolution by way of a derivative claim under Tzolis v. Wolff?…
Delaware Corporate & Commercial Litigation Blog
Delaware Court of Chancery Addresses Issue of First Impression in Connection with an LLC Dissolution
This article by Kevin F. Brady and Francis G.X. Pileggi first appeared in the March 14, 2012 issue of The Delaware Business Court Insider, and reviews the recent Delaware Court of…
New York Business Divorce
Court Orders Dissolution of Unprofitable Real Estate LLC
Those interested in the evolving law of LLC dissolution won't want to miss this week's New York Business Divorce featuring a case called Mizrahi v. Cohen decided last week by…
New York Business Divorce
Statute of Limitations Issue Highlights Distinction Between Bases for Judicial Dissolution of LLCs Versus Other Business Forms
A recent decision by the Brooklyn Surrogate's Court in a fight over LLC assets highlights the interplay between the statute of limitations and the grounds for LLC dissolution as defined…
Delaware Corporate & Commercial Litigation Blog
Chancery Sorts out Imbroglio Due in Part to Lack of LLC Operating Agreement
Phillips v. Hove, C.A. No. 3644-VCL (Del. Ch. Sept. 22, 2011). Read opinion here. Issues Addressed This 52-page post-trial opinion addressed a score of issues related to the fiduciary duties…