Search for: "Ocean Power LLC"
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9 Apr 2019, 1:51 pm
Randolph Rice, Jr., LLC, at (410) 288-2900 for immediate help. [read post]
19 Apr 2009, 10:23 pm
Late last year Grays Harbor Ocean Energy Company, LLC (Grays Harbor) filed applications with the Federal Energy Regulatory Commission (FERC) to study the feasibility of hydrokinetic power projects (which also included a wind component) located in the Atlantic Ocean about 12 to 25 miles offshore off the coasts of New York (and Massachusetts and Rhode [...] [read post]
20 Aug 2020, 1:03 pm
The association argues that the monument exceeds the president’s power under the Antiquities Act and circumvents the National Marine Sanctuaries Act. [read post]
27 Dec 2022, 4:24 am
Defendants, backed by a high-powered litigation team at Paul, Weiss, responded with a two-pronged argument: First, they argued that dissolution of Bull-Poet was improper because Antonia could not satisfy the requirements of LLC Law 702 and Matter of 1545 Ocean Ave., LLC, 72 AD3d 121, 131 (2d Dept 2010) (discussed here) that it is not reasonably practicable to carry on the business of the LLC. [read post]
23 Jan 2023, 4:48 am
Austin in Matter of 1545 Ocean Avenue, LLC. [read post]
24 Sep 2018, 2:31 am
Openly, the dilution, removal, or expulsion powers are spelled out explicitly in the operating agreement signed by all the members. [read post]
13 Nov 2023, 4:07 am
Not until the 1545 Ocean Avenue decision 11 years later (see below) was there a clear, appellate repudiation of importing the BCL standard into LLC dissolution jurisprudence. 2004: The “Statutory Operating Agreement”. [read post]
12 Aug 2015, 11:41 am
Recently the Department of Energy announced that Re Vission Consulting, LLC (Sacramento, CA), Virginia Tech (Blacksburg, Virginia), Dehlsen Associates, LLC (Santa Barbara, CA), and Pennsylvania State University (State College, PA) were selected to receive $7.4 M “to spur innovation of next-generation water power component technologies, designed for manufacturability and built specifically for marine and hydrokinetic (MHK) systems. [read post]
19 Oct 2020, 4:19 am
Five years ago, we wrote about an important decision from the Delaware Chancery Court, In re Carlisle Etcetera, LLC, 114 A3d 592 [2015], in which a court recognized for the first time the existence under Delaware law of a viable cause of action for “equitable dissolution” of an LLC based upon the court’s equity powers, notwithstanding the existence of a statute explicitly setting forth the grounds for judicial dissolution. [read post]
7 Sep 2009, 11:31 am
Jerry Powers, the founder of Miami's successful magazine, Ocean Drive, has sued the purchaser of the business and now-publisher of the magazine, Niche Media Holdings, LLC ("Niche Media") seeking a declaratory judgment that the non-compete restrictions contained in the parties' asset purchase agreement ("APA") and the employment agreement he entered into following the sale do not (a)… [read post]
1 Oct 2012, 2:00 am
Equally powerful voices argue the other side of the issue. [read post]
8 Jun 2015, 3:26 am
In New York, Justice Austin, writing for the Appellate Division, Second Department, in the seminal 1545 Ocean Avenue decision, similarly crafted a dissolution standard keyed to the frustration of the LLC’s “stated purpose” in the context of its operating agreement. [read post]
13 Aug 2012, 1:56 pm
On August 13, 2012, Ocean Power Technologies ("OPT"), received some fantastic news when the Federal Energy Regulatory Commission ("FERC" or "the Commission") issued a first-of-its-kind, 35-year license to construct and operate a wave energy project off the coast of Oregon to its subsidiary, OPT Reedsport Wave Park, LLC. [read post]
18 May 2015, 3:48 am
The LLC’s operating agreement named Sowers as sole manager with broad powers to control the LLC’s business affairs including discretionary authority to make distributions and to “purchase, lease or otherwise acquire from, or sell, lease or otherwise dispose of, to any Person any property. [read post]
30 Oct 2017, 4:29 am
FR Holdings and Piroozian claimed that because of Homapour’s “unilateral usurpation of powers,” the “stated purpose of the Company cannot be realized” and the LLC is “unable to carry on its business in accordance with the Operating Agreement. [read post]
1 Dec 2015, 4:24 am
Not even if it’s across a great ocean. [read post]
7 Nov 2011, 3:00 am
In the other, involving a dispute between 50/50 managing members, the court appointed a temporary receiver with limited powers to monitor the LLC's financial activity. [read post]
26 Apr 2021, 3:19 am
One of them is 1704 Ocean Avenue LLC in which Mr. [read post]
31 Oct 2011, 3:00 am
(Read here and here my prior posts on the 1545 Ocean Avenue case and its subsequent impact on LLC dissolution jurisprudence.) [read post]
12 Jul 2023, 3:00 am
“These expanded powers have led to over a hundred stop-work orders in just the past few years, advancing our commitment to stronger and fairer worker protections. [read post]
