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21 Feb 2022, 4:21 am
” In April 2014, at the age of 94, Emily resigned as general partner of VLP and purportedly appointed Tump, LLC — the sole member of which was her son George — the new Managing General Partner. [read post]
14 Feb 2022, 4:44 am
At the conclusion of her decision, Justice Masley directed “an immediate trial on the issue of damages. [read post]
7 Feb 2022, 7:09 am
TriPacific Capital submitted a claim to its insurer, Chubb, under the company’s asset management liability policy that included a D&O liability coverage part with $5 million limits. [read post]
28 Jan 2022, 11:43 am
We’ve blogged about state laws directed at ownership of (and privacy regarding) employee social media [read post]
24 Jan 2022, 11:03 am
[vi] Specifically, the court addressed coverage for a shareholder action against Calamos Asset Management, Inc. [read post]
21 Jan 2022, 2:17 pm
LLC, J.P. [read post]
21 Jan 2022, 2:17 pm
LLC, J.P. [read post]
19 Jan 2022, 12:19 pm
Derivative Stockholder Claims Although this is a decision that has already received widespread commentary, the Supreme Court decision in Brookfield Asset Management, Inc. v. [read post]
19 Jan 2022, 10:26 am
If the business functioned as an LLC or a corporation, the business owners are not permitted to claim any asset exemptions. [read post]
5 Jan 2022, 11:28 am
” An LLC can also allow management to provide a public benefit if it is allowed by its operating agreement, approved by a majority of its owners or if the LLC is filed as a Public Benefit Limited Liability Company. [read post]
4 Jan 2022, 5:00 pm
The line between asset owners and asset managers is becoming blurrier, with rising collaboration among them. [read post]
3 Jan 2022, 12:58 am
Last October, in Sajust, LLC v Mendelow, the Appellate Division, First Department affirmed the Manhattan Commercial Division’s dismissal of a complaint by an LLC member asserting direct claims for losses to her capital account against the allegedly disloyal manager of a Madoff feeder fund that, following Madoff’s implosion, recovered from the Trustee only a small portion of the fund’s investments. [read post]
2 Jan 2022, 5:37 am
Incorporate your business as a C corporation, S corporation, or LLC to protect your personal assets. [read post]
20 Dec 2021, 5:30 am
The counterclaim for defamation was rejected in Musst Holdings v Astra Asset Management [2021] EWHC 3432 (Ch) on the basis that it was not proven that there was a publication as alleged and that the actual or natural and probable requisite loss had not been proven. [read post]
6 Dec 2021, 3:57 am
” In this case, Donna McNulty established a self-directed IRA and invested those IRA funds into an LLC where she was the manager. [read post]
3 Dec 2021, 7:27 am
ERISA also establishes certain minimum requirements for these plans relating to funding, asset management and fiduciary responsibilities. [read post]
30 Nov 2021, 1:32 pm
Here in Georgia, those bases are (1) directorial “deadlock in the management of corporate affairs,” (2) actions by the directors (or those in control) that are “illegal or fraudulent in connection with the operation or management of the business and affairs of the corporation, (3) a deadlock that has triggered a failure to elect successors to directors whose terms “have expired or would have expired,” or (4)company assets being… [read post]
27 Nov 2021, 6:26 am
The Supreme Court(1) directed the defendant to pay the plaintiff maintenance of $1,438.82 per month for 36 months, (2) awarded the plaintiff sole legal and residential custody of the parties’ two children, with certain parental access to the defendant, and (3) directed the defendant to pay the plaintiff child support of $1,774.67 per month. [read post]
22 Nov 2021, 4:35 am
The subject company in the lawsuit is Island Management, LLC, a manager-managed Connecticut LLC co-owned equally by the six trusts and created to oversee and build the family’s assets held by a separate family-owned holding company. [read post]
13 Oct 2021, 2:34 am
Incorporate your business as a C corporation, S corporation, or LLC to protect your personal assets. [read post]
