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15 Aug 2022, 3:48 am by Peter Mahler
First, in response to plaintiffs’ argument that their status as the only other members of the LLC obviated the requirement that a claim of misappropriation of funds owed to the LLC be brought derivatively, the court answered simply that “[a]ny injury is to [the LLC], and any damages must be recovered by [the LLC],” citing as authority the Court of Appeals’ 1989 opinion in Glenn v Hoteltron Systems, Inc. [read post]
12 Aug 2022, 6:51 am
Mangino, Frank, Harris, Shriver & Jacobson LLP, on Friday, August 5, 2022 Tags: Delaware cases, Delaware law, DGCL Section 220, Fiduciary duties, Merger litigation, Mergers & acquisitions, Shareholder activism, Short-termism SEC Expects to Issue Final Clawback Regulations by October ’22 Posted by Mike Kesner and John Ellerman, Pay Governance LLC, on Friday, August 5, 2022 Tags: Clawbacks, Dodd-Frank… [read post]
12 Aug 2022, 6:51 am
Mangino, Frank, Harris, Shriver & Jacobson LLP, on Friday, August 5, 2022 Tags: Delaware cases, Delaware law, DGCL Section 220, Fiduciary duties, Merger litigation, Mergers & acquisitions, Shareholder activism, Short-termism SEC Expects to Issue Final Clawback Regulations by October ’22 Posted by Mike Kesner and John Ellerman, Pay Governance LLC, on Friday, August 5, 2022 Tags: Clawbacks, Dodd-Frank… [read post]
12 Aug 2022, 6:34 am by Dan Bressler
Cooley’s affiliated investment fund — GC&H Investments LLC — has taken stock in startup clients, a regular practice among firms and lawyers that advise technology companies. [read post]
10 Aug 2022, 8:56 am by Holly Brezee
., a limited liability company/LLC) prior to ANY project undertakings. [read post]
10 Aug 2022, 7:31 am by Ana Popovich
WDC Acquisitions LLC d/b/a Wellman Dynamics, an aircraft parts manufacturer located in Iowa, will pay $500,000 to settle allegations of violating the False Claims Act. [read post]
9 Aug 2022, 4:51 am by Q Miceli
  The United States Department of Justice settled a case against aircraft parts foundry WDC Acquisitions LLC d/b/a… The post Aircraft Parts Testing Fraud Doesn’t Fly: Whistleblower Receives $90,000 for Reporting Contracting Fraud appeared first on TZ Legal - Fraud Fighters. [read post]
8 Aug 2022, 3:10 am by Franklin C. McRoberts
The leading case on Partnership Law 121-1102 is the 2008 Court of Appeals decision in Appleton Acquisition. [read post]
4 Aug 2022, 10:53 am by Hyland Hunt
The other case in this category is Citadel Securities LLC v. [read post]
30 Jul 2022, 2:41 pm by Cari Rincker
In addition, state laws and governing documents such as an LLC operating agreement may have provisions about selling or transferring a business. [read post]
25 Jul 2022, 4:47 am by Franklin C. McRoberts
(The BCL § 623 (k) exception has been held inapplicable to LLC mergers, in which the cashed-out member’s sole remedy, without exception other than noncompliance with the operating agreement or LLC Law, is a fair value appraisal proceeding.) [read post]
22 Jul 2022, 4:15 am by Jonathan Stroud
Apple lost three challenges at institution against an Identity Security LLC (f/k/a Integrated Information Solutions Corporation]. [read post]
22 Jul 2022, 4:15 am by Jonathan Stroud
Apple lost three challenges at institution against an Identity Security LLC (f/k/a Integrated Information Solutions Corporation]. [read post]