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22 Oct 2018, 3:17 am by Peter Mahler
In practice, and by informal mutual consent, only one of the members actively manages the LLC’s business and financial affairs. [read post]
15 Oct 2018, 3:30 am by Matthew D. Donovan
In Jarmuth, the resident-shareholder sued the co-op and its board of directors for fiduciary breach and corporate waste when the directors decided at a board meeting to settle an underlying property-damage case against the co-op and one of the directors individually and to assume all of the co-op’s related legal fees. [read post]
3 Oct 2018, 2:40 pm by ccollins
(VER) may end up being responsible for up to $730M in settlements related to an accounting scandal involving its former incarnation, American Realty Capital Properties Inc. [read post]
27 Aug 2018, 3:41 pm by Wolfgang Demino
Apparently some things that are un-doable elsewhere work just smoothly in Texas: Like imputing on borrowers an agreement on interest rates that they never signed up for.And in the most recent one – Savoy v. [read post]
26 Aug 2018, 3:51 pm by Eugene Volokh
Many of these services are highly regulated, including insurance, banking, legal services, and accounting. [read post]
6 Aug 2018, 3:15 am by Franklin C. McRoberts
The question then becomes: What are the legal rules, principles, and standards that apply in the valuation proceeding itself? [read post]
16 Jul 2018, 2:58 am by Peter Mahler
If you answered slim or none, you’d be right in the case of Gourary v Laster, 2016 NY Slip Op 04287 [1st Dept June 12, 2018], where the absence of testimony by the two deceased principals and the deceased lawyer for one of them doomed a lawsuit by the executor of the estate of an enfeebled 50% shareholder who, about six months before he died, sold for $5.75 million his 50% stake in a realty holding company to the other 50% shareholder’s… [read post]
2 Jul 2018, 3:18 am by Peter Mahler
Nimkoff is a fight over the value of a 3.6% membership interest in a single-asset realty holding LLC owned by a group of medical doctors. [read post]
25 Jun 2018, 3:41 am by Peter Mahler
Justice Dufficy’s Decision Justice Dufficy’s decision begins with a thorough review of the brothers’ lengthy litigation history, a description of the new proceeding, and a statement of the governing legal standards. [read post]
18 Jun 2018, 4:01 am by Peter Mahler
The three operating companies, but not the realty companies, subsequently elected to purchase Nedal’s shares for fair value, thereby avoiding further dissolution proceedings. [read post]
4 Jun 2018, 3:49 am by Peter Mahler
Lowbet Realty involves one of the most brazen, contemptuous heists of corporate assets amidst a dissolution proceeding you’ll ever encounter. [read post]
17 May 2018, 4:14 am by Andrew Lavoott Bluestone
  One of them is that damages have to be in the nature of pecuniary or economic loss. [read post]
6 May 2018, 11:34 am by Lee E. Berlik
One question that the statute does not answer, however, is this: When, exactly, does it kick in? [read post]
6 May 2018, 11:34 am by Lee E. Berlik
One question that the statute does not answer, however, is this: When, exactly, does it kick in? [read post]
4 May 2018, 11:57 am by Neoshia Roemer
Specific duties include: Providing legal advice and counsel to organizations within the Department including writing legal opinions, handling administrative litigation, and providing assistance to the Department of Justice on judicial litigation in one or more of the following legal areas: Indian law matters involving natural resources, energy and mineral development and use, realty, water rights, and tribal government, education law, and appearing before… [read post]