Search for: "FAIR COMPANIES, LLC"
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7 Dec 2022, 8:17 pm
” Similarly for Illinois LLCs, the Illinois Limited Liability Company Act provides that a court may order the entity or the remaining members to purchase the interest of the outgoing member. [read post]
10 Dec 2021, 12:37 pm
Jimmy John’s, LLC is a limited liability company, organized and existing under the laws of the State of Illinois, with its corporate headquarters and principal place of business located at 2212 Fox Drive, Champaign, Illinois 61820. [read post]
20 May 2019, 11:23 am
In Buffalo-Water 1, LLC v. [read post]
6 Nov 2015, 6:33 am
See also LongPath Capital, LLC v. [read post]
25 May 2018, 6:00 am
The Delaware Limited Liability Company Act’s policy is to give the maximum effect to the principle of freedom of contract in LLC operating agreements. [read post]
12 Jul 2008, 10:00 am
Worse yet, my clients owned the physical location of the LLC's business, and, if they'd wanted, could have evicted the LLC from the location and simply set up a new LLC to run practically the same business.Of course, the departing husband and wife were decent people, and my clients were decent people, and they quickly and fairly negotiated a fair resolution that was mutually beneficial. [read post]
27 Nov 2012, 11:29 am
" FAILURE TO PROVE SALE REFLECTED A FAIR PRICE The plaintiffs' complaint attacked the managing member's failure to sell the LLC's principal asset, a golf course, for a fair price or following a fair process. [read post]
20 Apr 2020, 4:10 am
Under section 4A-606.1(a) of Maryland’s LLC Act: [W]ithin a reasonable time after the person ceased to be a member, the limited liability company may elect to pay the person or the person’s successor in interest, in complete liquidation of the person’s membership interest, the fair value of the person’s economic interest in the limited liability company as of the date the person ceased to be a member, based upon the person’s right to… [read post]
9 Apr 2021, 5:58 am
(Google LLC v. [read post]
19 Oct 2009, 6:14 am
In that transaction, which frankly was not analogous to the ACS/Xerox merger, Allen & Company LLC rendered an opinion that: "Based upon and subject to the foregoing, it is our opinion as of the date hereof that the Common Stock Per Share Merger Consideration to be paid in connection with the Transaction is fair from a financial point of view to the holders of Company Common Stock, including in relation to the holders of Preferred Stock. [read post]
2 Oct 2015, 10:30 am
Reise The CFPB has entered into a consent order with Westlake Services, LLC, an indirect auto finance company, and its wholly owned subsidiary, Wilshire Consumer Credit, LLC, for alleged deceptive debt collection practices. [read post]
2 Oct 2017, 3:33 am
liquidation of the LLC is the only feasible means whereby the Petitioner may reasonably expect to obtain a fair return on his investment” (compare BCL 1104-a [b] [1]). [read post]
2 Oct 2017, 3:33 am
liquidation of the LLC is the only feasible means whereby the Petitioner may reasonably expect to obtain a fair return on his investment” (compare BCL 1104-a [b] [1]). [read post]
23 Aug 2022, 6:20 am
The acquirer, BGC Partners, sought to buy Berkeley Point Financial LLC to expand its real-estate platform. [read post]
9 Jul 2008, 4:38 pm
§ 8992) permits derivative actions in limited liability companies.) [read post]
1 Mar 2012, 3:39 pm
Given that Delaware’s LLC Act emphasises freedom of contract (in section 18-1101(b)) and that contract law provides some level of protection to parties of LLC operating agreements through the implied covenant of good faith and fair dealing, his conclusion was that if an LLC’s operating agreement does not expressly provide for fiduciary duties of managers, “courts should assume the parties did not want [fiduciary duties] to apply at all. [read post]
5 Nov 2012, 6:00 am
After holding a hearing to inquire into the fairness of the settlement, the Court found that the settlement reached by the parties was fair, adequate, and reasonable. [read post]
19 Mar 2012, 4:00 am
The subject Funds are managed by two management companies organized as Delaware LLCs (the Onshore Manager and the Offshore Manager). [read post]
3 Dec 2012, 6:42 am
No. 148 (Del. 2012), the Delaware Supreme Court has affirmed an award of damages to investors for breach of an LLC agreement, but rejected as dicta the Court of Chancery's finding that “default” fiduciary duties apply to any limited liability company organized under Delaware law. [read post]
27 Oct 2010, 9:18 am
Although Blackwater, the “infamous” company that has played a role in the occupation of Iraq, has changed its name to Xe Services LLC, that cannot change the seemingly continuing stream of Fair Labor Standards Act collective actions raining down on the company. [read post]
