Search for: "FAIR COMPANIES, LLC"
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30 Aug 2021, 4:04 am
Minnesota: LLC Board Member Liability (40 Ventures LLC v Minnesquam, LLC) LLC agreements for firms with numerous investors often create a corporate-style board of directors to manage the company. [read post]
6 Dec 2021, 4:49 am
For New York limited liability companies like the Trump Organization, Section 420 of the Limited Liability Company Law (the “LLC Law”) governs advancement and indemnification of legal fees, providing that the operating agreement “may” – but is not required – to provide its principals, agents, or any “other person” advancement or indemnification rights. [read post]
28 Jun 2009, 2:10 pm
A.V. v. iParadigms, LLC, No. 08-1424 (4th Cir. [read post]
23 Jan 2010, 5:29 am
Noting that the Uniform Limited Liability Company Act (ULLCA), a model law adopted by several states, doesn't include language that gives members of an LLC fiduciary duties to one another, he praises Illinois for modifying that language to protect members in the updated Limited Liability Company Act. [read post]
1 Nov 2022, 9:09 am
Customer Connex LLC, concerning whether the time employees spend booting up and shutting down their computers is compensable under the Fair Labor Standards Act (“FLSA”). [read post]
29 Jan 2011, 1:42 pm
The reality is, most personal injury lawyers don't charge for consultations, and it's the lawyer who can give you a reasonable assessment of the value of your claim.Speaking With An Insurance Company is a post from Absolute Legal Services, LLC. [read post]
14 Oct 2013, 3:32 am
Schweitzer examined a disputed LLC freeze-out merger involving a realty management company. [read post]
13 Jan 2015, 8:19 am
Yellow Enterprise Systems, LLC, the Sixth Circuit recently upheld summary judgment in favor of an ambulance company in a collective action filed by three EMTs, finding that the plaintiffs’ meal and rest breaks were not compensable under the Fair Labor Standards Act (“FLSA”) and Kentucky law. [read post]
1 Feb 2012, 7:57 am
Asset Acceptance, LLC is a massive, publicly traded debt-buying company that buys portfolios of charged-off debts and sues on them all over the country. [read post]
25 Apr 2016, 3:17 am
The judge selected ALC’s nominee as the “strongest” candidate and because giving ALC “their choice seems to have a good deal of fairness associated with it” in light of Belardi-Ostroy having “essentially run the company themselves” since 2011. [read post]
9 Dec 2019, 1:05 am
The letter acknowledged that, “[s]ince the [gym’s] doors have opened, you’ve [Respondent] been successfully maintaining the business including paying the rent without my contribution” and “it’s only fair that you move forward without my attachment or any further involvement from me. [read post]
9 Feb 2020, 3:51 pm
On January 31, the Department of Justice announced that three companies, accused by a whistleblower of colluding to fix bids for an underperforming loan owned by the Department of Energy, had agreed to pay $29 million to settle the case. [read post]
4 Dec 2023, 4:58 am
At a meeting in May 2016, Ghadran and Johnston offered Flor a 51% ownership and management interest in a to-be-formed company which GF would bankroll for two years in exchange for a 49% equity interest in the new company. [read post]
31 Aug 2011, 2:18 am
This is illustrated by the court's opinion in the New York SSPA case of In the Matter of the Petition of Washington Square Financial, LLC, and Phillip L. [read post]
12 Aug 2010, 4:06 am
Filed under: fiduciary duties, limited liability companies, uncorporations [read post]
9 Sep 2012, 10:00 pm
” Next, Justice Weiss observes that, upon his withdrawal from the LLC, pursuant to LLC Law §504 and 509, WC became entitled to receive the fair value of his ownership interest in the company, and the determination of the fair value of that interest depends on his right to share in the distributions of the company. [read post]
25 Jan 2010, 12:32 am
In an LLC the members can allocate profits however they like, however seems fair. [read post]
15 May 2014, 3:00 am
RPM Pizza, LLC, 2013 WL 2286076 (M.D. [read post]
6 Jul 2011, 11:49 am
The Plaintiff in Trover v. 419 OCR, Inc. was a member of a limited liability company, Fair Oaks Development Group LLC (FODG) that planned to develop the land owned by FODG. [read post]
31 Dec 2007, 5:30 am
The statute governing judicial dissolution of LLCs, contained in Section 702 of the LLC Law (LLCL), has no provision for appointment of a temporary receiver to protect the company’s assets pending the dissolution proceeding. [read post]
