Search for: "FAIR COMPANIES, LLC"
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10 Jul 2020, 8:55 am
Interests in limited liability companies (LLC) are often sold as unregistered securities and lack the same regulatory oversight as more traditional investment products. [read post]
22 Apr 2013, 8:05 am
The issuance of profits interests in an LLC is very similar in many ways to stock options having an exercise price equal to the fair market value of common stock as of the date of grant. [read post]
11 Sep 2021, 8:16 am
The Complaint and Injunction Motion Ostensibly forced out of the business he helped found, Peter sued Anthony and Zachary in Brooklyn Supreme Court alleging five claims: (i) a declaratory judgment that Section 10.1 of the Operating Agreement prohibited amendment without unanimity of the Class A members, (ii) breach of the Operating Agreement, (iii) breach of the implied covenant of good faith and fair dealing, (iv) violation of Section 409 of the Limited Liability Company Law… [read post]
21 Mar 2024, 1:47 pm
In its petition, the LLC alleged that Richard breached his fiduciary duty and his duty of good faith and fair dealing. [read post]
8 May 2023, 4:01 am
In proceedings under § 623 involving corporations (but not LLCs and limited partnerships), simultaneous with the required offer to the dissenting shareholder the company must tender 80% of the offered price. [read post]
26 Nov 2023, 10:25 am
Below are some key points related to fairness and good faith in Illinois corporate or LLC oppression lawsuits: Fiduciary Duties: Shareholders in corporations and members in LLCs owe certain fiduciary duties to the company and to each other. [read post]
1 Dec 2011, 11:52 am
Encite LLC v. [read post]
27 Feb 2020, 6:00 am
He owned 44.5 percent of the LLC’s units, held veto power over major decisions of the company, and had employment protection based on a requirement that the company could only terminate his employment for cause. [read post]
28 Jan 2007, 2:59 pm
Eventually, Horning offered to sell his part of the LLC to Klimowsky and Holdsworth for, what he thought was, a fair price. [read post]
18 Dec 2017, 3:43 am
Giaimo also made a silent appearance in another recent fair value decision by a Manhattan trial judge in Matter of Burntisland II LLC, 2017 NY Slip Op 32482(U) [Sup Ct NY County Nov. 20, 2017]. [read post]
20 Jan 2019, 8:36 am
You have rights that protect you against such practices in accordance with the Fair Debt Collection Practices Act. [read post]
5 Jul 2010, 4:00 am
Mar. 16, 2010), decided by the Delaware Chancery Court, held that the implied duty of good faith and fair dealing under Delaware law does not obligate LLC members to keep company information confidential. [read post]
28 Dec 2017, 10:02 am
Interests in limited liability companies (LLC) are often sold as unregistered securities and lack the same regulatory oversight as more traditional investment products. [read post]
7 Feb 2024, 9:01 pm
And it raises the question: should the diversity statute be amended to provide that litigants facing limited liability company (“LLC”) opponents need only be diverse from the LLC’s state of creation and principal place of business? [read post]
5 Feb 2023, 5:12 pm
The joint venture was called T&S Hardwoods KD LLC (the “Company”). [read post]
21 Sep 2009, 11:59 am
The company, Biovail Pharmaceuticals, LLC., pleaded guilty to charges of paying thousands of physicians to engage in a program called “PLACE” (Proving Long Acting Through Experience) and to prescribe or recommend the drug Cardizem, L.A. [read post]
28 Apr 2008, 4:30 am
The complaint included a claim to dissolve the LLC under Section 702 on the ground that liquidation was the only feasible means for the members to obtain a fair return on their investment. [read post]
8 Dec 2020, 3:48 pm
After the plaintiff purchased an economic interest in an LLC at a UCC sale, she brought claims for breach of fiduciary duty and breach of good faith and fair dealing against the manager of the LLC. [read post]
14 Apr 2016, 10:43 am
Tennessee has a comprehensive set of laws regarding LLCs which are found in the Tennessee Revised Limited Liability Company Act (the “Act”), T.C.A. [read post]
20 Nov 2017, 2:13 am
” Here’s how the court put it: [I]t would be contrary to the overriding intent of [the Minnesota LLC Act] to permit financial interest assignees to bring baseless claims in an effort to compel the company to provide them with company records, financial statements, or any notices from the company. [read post]
