Topic
Operating Agreement
81 published works
Energy & the Law
The Model Form JOA in Hard Times (and Farewell, Rally Possum)
[caption id="attachment_8289" align="alignright" width="270"] Rally Possum RIP. May 7 - June 12, 2016[/caption] Co-author Nathan Cox * Good morning class. Welcome to an advanced course on what can go wrong…
New York Business Divorce
How Good is Your Operating Agreement’s Anti-Assignment Clause?
A decision last month by Justice Robert Bruno foiled a convicted felon's attempt to assign to his wife his 50% membership interest in two realty holding LLCs. Find out more…
Corporate Law
Are You Starting a New Business with Partners? Here are Five Ways to Avoid Intra-Company Disputes.
Starting a new business is almost always accompanied by exuberance and optimism. Too often, new partners dedicate all their time and effort developing business plans, finding capital, and soliciting customers…
New York Business Divorce
Can LLC Agreement Be Enforced Against Member Who Doesn’t Sign It?
You may be surprised to learn that, according to a ruling last month in Shapiro v Ettenson, a minority member of a New York LLC that initially had no written…
Texas Bankruptcy Blog
TV Star Teresa Giudice Sues Bankruptcy Lawyer
By Bryan Fears
“Real Housewives of New Jersey” star Teresa Giudice has sued her former bankruptcy attorney, claiming he botched her family’s bankruptcy filing in 2010. Her high–profile bankruptcy resulted in a 15…
Delaware Chancery Law Blog
LLC Operating Agreements Can Be Binding Even if Not Signed by the Parties
In the case of Seaport Village Ltd. v. Seaport Village Operating Company LLC, C.A. No. 8841-VCL (Sept. 24, 2014), Vice Chancellor Laster found that the operating agreement of a limited…
Delaware Corporate & Commercial Litigation Blog
Non-Signatory LLC Members Bound By Operating Agreement
Seaport Village Ltd. v. Seaport Village Operating Company, LLC, et al., C.A. No. 8841-VCL (Del. Ch. Sept. 24, 2014). This decision by the Delaware Court of Chancery highlights a counterintuitive statutory…
Delaware Corporate & Commercial Litigation Blog
Indemnification Rights Not Stymied by Amendment to Operating Agreement
The case of Branin v. Stein Roe Investment Counsel, LLC, 2014 WL 2961084 (Del. Ch. June 30, 2014) raised the interesting question of whether the operating agreement in effect at the…
Corporate and Securities Law
Implementing the Minnesota Revised Uniform Limited Liability Company Act
Corporate Law
Important New Law Affecting All New Jersey Limited Liability Companies Takes Effect March 1, 2014
Beginning this Saturday, March 1, 2014, all limited liability companies formed in New Jersey will be impacted by the Revised Uniform Limited Liability Company Act, N.J.S.A. 42:2C-1 through N.J.S.A. 42:2C-17…