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19 May 2021, 5:51 am
Today [May 17, 2021] the Commission announced a settled enforcement action against S&P Dow Jones Indices LLC (“S&P DJI”). [read post]
28 Jun 2021, 3:10 am by Peter Mahler
Jackson then quickly filed a foreclosure action against the LLC in which Besen unsuccessfully tried to intervene and in which the court found that Besen had “refused to cooperate thus preventing the extension of the [read post]
23 Feb 2015, 3:25 pm by J. Ross Pepper
§48-26-102) _______________________________________ If either the majority owners or directors of a corporation or the majority owners or managers of an LLC do not provide to the minority LLC member or minority shareholder the requested information, the member or shareholder may file an action in Chancery Court to compel the production of the records. [read post]
26 Feb 2024, 4:08 am by Lawrence Solum
This theory has been recently strengthened by 303 Creative LLC v. [read post]
15 Nov 2022, 9:24 am by J. Ross Pepper
Many years ago, we had a client who had purchased a substantial amount of lumber from an LLC based on the express representations of an officer/member of the LLC about the quality of the lumber. [read post]
8 Jan 2018, 3:29 am by Peter Mahler
” In that regard, the decision aligns with Justice Stephen Bucaria’s holding in Matter of Youngwall, that even an express waiver of the right to seek judicial dissolution of an LLC is void as against public policy. [read post]
30 Mar 2008, 6:26 am
LEXIS 198, the court considered whether an LLC member could bring a direct action against the manager of that LLC for breach of fiduciary duty. [read post]
20 Jun 2016, 3:16 am by Peter Mahler
We thus conclude that the plaintiff had standing to bring the receivership action. [read post]
21 Aug 2017, 3:33 am by Peter Mahler
The first cause of action in his amended complaint (read here) sought judicial dissolution of Pedani under LLC Law § 702, alleging that upon Ceres’s departure from the property “the purpose for which Pedani was formed had ceased,” and that the defendant had rejected plaintiff’s request to sell the property and dissolve the LLC. [read post]
21 Aug 2017, 3:33 am by Peter Mahler
The first cause of action in his amended complaint (read here) sought judicial dissolution of Pedani under LLC Law § 702, alleging that upon Ceres’s departure from the property “the purpose for which Pedani was formed had ceased,” and that the defendant had rejected plaintiff’s request to sell the property and dissolve the LLC. [read post]
6 Aug 2020, 5:34 pm by lcampbell@lawbc.com
  EPA also expressed concerns regarding prolonged exposure to and inhalation of chlorine dioxide gas, which EPA states can adversely affect the health of users. [read post]
6 Jun 2012, 2:46 pm by Francis Pileggi
  The Court recognized prior case law that defers to a forum selection clause where the parties use express language that excludes all other courts before which the parties can bring an action, and such a forum selection would support a motion to dismiss under Court of Chancery Rule 12(b)(3). [read post]
23 Oct 2023, 4:44 am by Peter Mahler
Unfortunately, unlike its counterpart statute governing close corporations, the LLC Law offers courts no express authority to grant any less drastic remedy such as an elective buy-out. [read post]
11 Sep 2020, 12:13 am by INFORRM
The action was initially brought by Index Newspapers LLC and a range of journalists, photographers and legal observers after federal agents in the U.S. [read post]