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13 Oct 2022, 3:35 am by Cari Rincker
Other states have default rules requiring a majority vote to amend the articles or operating agreement, approve the sale of LLC assets, wind up the LLC, and admit new members. [read post]
11 Oct 2022, 8:23 am by Matthew Dochnal
A subsidiary company is wholly-owned, or at least majority owned, by another company, referred to as the “parent” or “holding” company. [read post]
5 Oct 2022, 4:05 am by Matrix Legal Support Service
Second, the majority hold that the duty is affirmed, or its possible existence is preserved, by section 172(3) of the 2006 Act. [read post]
26 Sep 2022, 4:49 am by Dennis Crouch
Bottom line, no patent cases were decided by the Court in the 2021-2022 term and none were granted certiorari for the new term starting this week. [read post]
26 Sep 2022, 3:49 am by Peter Mahler
The statutes authorizing judicial dissolution of Delaware LLCs (LLC Act § 18-802) and New York LLCs (LLC Law § 702) essentially are the same: the petitioner must show that it is no longer “reasonably practicable” to carry on the business in conformity with the LLC’s operating agreement. [read post]
19 Sep 2022, 4:25 am by Peter J. Sluka
New York’s default rules regarding LLC members’ rights to transfer their interests appear in sections 603 and 604 of the LLC Law. [read post]
12 Sep 2022, 5:39 am by Jack Goldsmith
Geographical identification and filtering technologies grew up so that internet firms could better serve consumers and businesses, and, more generally, could make the internet a more effective communications tool.[1] Many internet firms, and all major internet platforms, collect and use geographical information as a core element of their business models.[2] For example, the firms involved in Greater L.A. [read post]
8 Sep 2022, 7:00 am by John Jascob
Unlike an IPO, Slack simultaneously issued both registered and unregistered shares, but no new shares. [read post]
8 Sep 2022, 5:35 am by Jack Goldsmith
To make things concrete, imagine a major online publisher—say, Fox News—and the state laws that it might be subject to and therefore must consider. [read post]
1 Sep 2022, 11:21 am by Kevin LaCroix
  In support of the idea that plaintiffs’ lawyers may be drawn toward filing a state court direct action lawsuit relating to SPACs, on August 30, 2022, a plaintiff shareholder filed a lawsuit in Delaware Chancery Court against several former directors and officers of FinServ Acquisition Corp., as well as against FinServ Holdings LLC, the SPAC’s sponsor. [read post]
  Updated draft guidelines have not been released by the agencies, but the agencies have stated a goal of releasing new guidelines by the end of this year. [read post]
29 Aug 2022, 3:42 am by Andrew Lavoott Bluestone
Anecdotally, we believe that attorney fee claims make up the majority of attorney cases. [read post]
25 Aug 2022, 1:20 pm by Rob Robinson
For current Rampiva clients to access this new functionality, they can upgrade their current Rampiva version through the company’s download portal: https://downloads.rampiva.com/automate/release/index.html About Rampiva Global LLC. [read post]