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... limited liability company setting. Ficus Investments, Inc. v. Private Capital Management, LLC, 61 AD3d 1, 2009 NY Slip Op 00263 (1st ... after suit was filed, with Ficus accusing the defendants of removing books and financial records and misappropriating an additional $12.5 million. Then Cline and some ... significant on-going expenses inevitably involved with investigations and legal proceedings" (id.). Capital's operating agreement, Justice Lippman concludes, "distinguishes between the relief available ...

... Capital Markets LLC says it will pay over $400,000 in sanctions and abide by a 90-day ban preventing it from opening mutual fund brokerage accounts for customers. The penalties ... follow to report rejected or restricted trades, neglected to preserve company e-mail records for the required two-year period, did not set up proper systems ... late trading, and failed to create and maintain accurate records of mutual fund trades. Rafferty Capital will also reevaluate its procedures and set up the proper ...

... misrepresenting the value of the assets under management. The SEC is seeking a court order to freeze the assets of Westgate Capital Management, LLC and its managing member, James M. Nicholson. The SEC alleges that they solicited investors with false claims of ... of the hedge funds to investors, and soliciting new investors with sales materials that claimed a nearly impossible record of investment success. According to the SEC's complaint, at least one Westgate fund claimed positive returns in 98 of ...

... so pardon if it's somewhat rambling. In October, Altitude Capital Partners, masquerading as Saxon Innovations, LLC, sued 15 companies in the Eastern District of Texas, including ... Palm, and Nintendo. See here and here. The rumor at the time was that Altitude Capital wasn't done - indeed, they are out there, trolling for patents to assert ... date, if not the June 1993 priority date of the '352. I looked at the assignment records for these patents. They were all assigned to a company owned and controlled ...

... Department's recent decision in Fuiaxis v. 111 Huron Street, LLC, 2009 NY Slip Op 00501 (2d Dept Jan. 27, 2009), presents ... highlighting the controlling faction's successful reliance on the operating agreement's compulsory capital contribution provisions to force the complaining member to subsidize his opponents' legal defense. ... funds to defend itself in a judicial dissolution action (see LLCL 502[a], [c]). On this record, it is not clear whether Limited Liability Company Law § 420, which concerns ...

... both brothers' consent. Perry opposed dissolution on various grounds including the LLC's long track record of profitable leasing, the existence of a separate management agreement governing re- ... 's participation. Speaking of Delaware, Chancellor Chandler's R&R Capital opinion, discussed alongside Youngwall in last week's post on judicial dissolution ... compel re-letting the building) and damages (for lost rental income) against the LLC's manager for breach of (1) New York's implied duty of good ...

... you're a successful, but perhaps more ordinary, outfit needing additional capital to operate or to expand and prosper? Where do you go in a time when credit is tight ... few ideas: 1. Promissory Note. The easiest way to make a more formal record of money received from F&F is to use a promissory note. It can have ... back the money given to you. If stock (or other ownership interest like an LLC Membership Interest) is given with a "call" option, it essentially sets a repurchase price that will need ...

... dates. Citigroup was ordered to pay a $150,000 fine. • National Financial Services, LLC employees allegedly engaged in wrongdoing related to LOC and MOC orders it made ... certain orders and clients. Tradestation agreed to a $100,000 fine. • AK Capital allegedly failed to use background checks on employees, failed to set up written ... trader registrant also allegedly neglected to keep records and books that accurately showed all liabilities, assets, capital accounts, and income expenses. The firm agreed ...

... A.G. Edwards & Sons, Inc., Piper Jaffray & Co., SunTrust Capital Markets Inc., Wachovia Capital Markets, LLC, and Bank of America Securities ... far greater risk of loss than traditional mortgages, and that its own economist was on record as stating that "I am certain that a housing bubble has developed that could lead to serious ... , both class actions and individual claims may be appropriate. Page Perry, LLC is an Atlanta-based law firm with over 125 years collective experience representing ...

... to state or local political parties. These comments can be found here. **** Melinda Gagyor - Fulcrum Financial Inquiry, LLC The proposed placement agent ban should be eliminated because: It will devastate the placement agent business and cause severe job losses in ... How to register as an Investment Advisor New Hedge Fund Regulation Investment Advisor Books and Records Requirement Net Capital Requirement for State Registered IA Firms Withdrawing from IA Registration Bart Mallon, Esq. of Mallon P. ...