Search for: "Principle Equity LLC"
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29 Jun 2021, 6:03 am
In a previous memorandum, we discussed a recent Texas Court of Appeals case which held that members of a Delaware LLC can contract around (i.e., waive) the general principle protecting against usurpation of corporate opportunities. [read post]
30 Sep 2011, 6:23 pm
That equity was defined in the supplemental agreement as the amount to be distributed to a member upon the liquidation of the LLC. [read post]
26 Jun 2011, 12:56 am
Tomassi Law Associates, LLC www.attorney-ri.com 1-888-RI-LAWLINEUnderwater assistance that has been sought out by various homeowners has usually come in the form of either refinancing options or at least mortgage payment reduction tools that can be used to help homeowners pursue foreclosure prevention when negative equity has been problematic. [read post]
23 Apr 2019, 2:29 am
The general principle is, as the U.S. [read post]
30 Jul 2007, 7:54 am
Plaintiff’s claim arose out of an alleged agreement with the Member Defendant to invest $350,000 in exchange for a 50% equity interest in a South African investment management corporation and a Delaware LLC which owned certain intellectual property rights. [read post]
5 Oct 2012, 10:12 am
Limited Liability Company Act Transforms Principles of LLCs A new set of laws governing New Jersey limited liability companies will become effective in March. [read post]
24 May 2017, 8:46 am
"There is no firm time limit for laches: rather a judge sitting in equity considers plaintiff's delay in asserting the claim and its causes and weighs that against the prejudice to the defendant caused by the late assertion of the equitable claim. [read post]
20 Aug 2018, 10:14 am
A similar equitable principle was also in play, that equity abhors a forfeiture. [read post]
6 Mar 2022, 3:15 pm
Google, LLC, 358 Ga. [read post]
14 Nov 2009, 7:02 pm
The Second Complaint sought injunctive relief based in part on an alleged violation of the LLC Agreement that leads to termination of the agreement, and Section 18-402 of the Delaware LLC Act which by default (unless otherwise agreed), gives control of an LLC to its members in proportion to their respective equity interests. [read post]
30 Jul 2021, 5:48 am
Epstein (Third Creek Advisors LLC), Robert Lamm (Deloitte LLP), and Jim Parkin (Deloitte & Touche LLP), on Friday, July 30, 2021 Editor's Note: Adam J. [read post]
22 Sep 2021, 12:53 pm
According to FINRA Disciplinary actions for September 2021, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS John Barrett Emerson Equity LLC Lincoln Financial Advisors Corproation Amanda Berry MML Investors Services, LLC NYLife… [read post]
18 Mar 2024, 4:32 am
The Appellate Division last week in Behler v Tao (read here) affirmed the order below in a 3-2 decision featuring a majority opinion authored by Presiding Justice Sallie Manzanet-Daniels, applying what she labels “explicitly contractarian” Delaware LLC law “sometimes leading to harsh results,” and a dissenting opinion authored by Justice Ellen Gesmer exalting “basic principles of contract law and fundamental fairness. [read post]
21 Feb 2012, 9:02 am
Renaissance Equity Holdings, LLC In Paulsen, the Board filed a petition for a Section 10(j) injunction seeking to end a lockout imposed by Renaissance Equity Holdings (which does business as Flatbush Gardens) after failing to reach a collective bargaining agreement with the union representing its employees. [read post]
23 May 2011, 4:00 am
This is a very significant point, especially in light of the past tendencies of New York courts -- at least when it comes to New York LLCs -- to employ equitable principles when determining the duties of LLC members. [read post]
15 Oct 2022, 2:43 pm
In some key ways, this ruling follows the reasoning ofRafaeli, LLC v. [read post]
18 Dec 2018, 12:04 pm
Latisys Holdings, LLC, C.A. [read post]
14 Dec 2015, 3:24 am
Justice Driscoll’s decision, denying Gilbert’s injunction motion and vacating the previously granted restraining order, carefully recites the parties’ contentions and summarizes the applicable legal principles, including references to an LLC member’s “duty of undivided loyalty” akin to the duties among partners (citing Willoughby Rehabilitation & Health Care Center, LLC v Webster, 13 Misc 3d 1230(A) [Sup Ct… [read post]
17 Jun 2016, 12:23 pm
Mohsen Manesh, entitled “Equity in LLC Law“, which addresses this concept and includes a discussion of another recent Chancery decision, In Re Carlisle, Etc., announcing the same principle. [read post]
1 Sep 2008, 11:30 am
There is no threat to equity in allowing members to waive their right to seek dissolution, because there is no chance that some members will be trapped in a limited liability company at the mercy of others acting unfairly and in bad faith. [read post]
