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18 May 2015, 3:48 am by Peter Mahler
Barone appealed, contending in his pre-argument statement (read here) that Sowers “acted contrary to the expressed purpose and business of [the LLC] by failing to realize on the value of the Premises by selling or disposing of the Premises and has caused the Premises to remain as a rental so as to benefit Sowers personally, as he wishes to maintain his status as a tenant” for his sole benefit. [read post]
31 Jan 2009, 10:04 am
Most justices expressed the opinion that the charging lien remedy was designed to protect innocent members/partners in an LLC or partnership, and that the charging lien restriction did not serve its intended purpose when there were no members other than the debtor. [read post]
31 Jan 2009, 10:04 am
Most justices expressed the opinion that the charging lien remedy was designed to protect innocent members/partners in an LLC or partnership, and that the charging lien restriction did not serve its intended purpose when there were no members other than the debtor. [read post]
4 Aug 2013, 5:09 am by Peter Mahler
’” Absent an express or implied reservation of rights to make further claims upon revocation, the plaintiff had no right or even standing to assert claims or seek any recovery other than the return of her purchase monies. [read post]
15 Nov 2011, 6:57 am by Joe Palazzolo
Zuffa LLC, which owns the UFC, filed a lawsuit Tuesday in U.S. district court against New York Attorney General Eric Schneiderman and Manhattan District Attorney Cyrus Vance Jr. seeking a declaration that the ban violates the First Amendment. [read post]
11 Oct 2012, 6:50 am
  The general consensus is that under Delaware law, fiduciary duties between or among the LLC’s managers and/or members may be eliminated by express language in a written operating agreement. [read post]
23 Mar 2019, 3:01 pm by Bill Marler
On July 27, 2018, FDA informed Fresh Express of these results. [read post]
5 Nov 2012, 2:00 am by Peter Mahler
Note that the first prong of the standard uses the words “stated purpose” which usually is expressed in the so-called “purpose clause” of the LLC’s operating agreement. [read post]
9 Sep 2012, 10:00 pm by Peter Mahler
WC’s right to share in the distributions of the LLC, in turn, depends on the relative value of the parties’ contributions to the LLC. [read post]
24 Jan 2012, 2:12 pm
According to Investment News, an investor has written to FINRA to express her concerns about Behringer Harvard Holdings, LLC. [read post]
30 Aug 2016, 9:00 am by Brett M. McCartney
And seeing as Delaware courts strive to enforce the express terms of an agreement, advancement and indemnification provisions must be drafted with precision. [read post]
18 Jun 2010, 5:28 am by Ray Mullman
NorthJersey.com had an interesting article on CareOne, LLC which owns and operates dozens of nursing homes in New Jersey. [read post]