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27 Jun 2010, 8:15 am by Larry Ribstein
Thus, the charging order basically gives the creditor only the right to sit and wait for the debtor to decide to get generous and distribute the LLC’s assets to his creditors. [read post]
17 Dec 2022, 10:35 am by J. Ross Pepper
He was held liable because the LLC lost $2.75 million as a direct result of his lack of diligence in management and supervision. [read post]
18 Jan 2018, 9:17 am by IncNow
Even Bruce Springsteen, after a dispute with his business manager resulted in a protracted lawsuit, he decided to call his tour in 1977 the “Lawsuit Tour. [read post]
5 Dec 2018, 6:50 am by Jon Alper
ZI had suggested to clients the option of the  LLC member to own the LLC interest during his lifetime as a joint tenant with rights of survivorship which would pass the interest to the surviving joint tenant outside of probate. [read post]
22 Oct 2018, 3:17 am by Peter Mahler
He also pointed to Antell’s deposition testimony describing his LLC oversight activities, and to the allegedly wrongful actions Antell took on the LLC’s behalf designed to oust Marcus from the business. [read post]
4 Feb 2019, 3:18 am by Peter Mahler
The Special Referee also found two additional breaches by petitioner designed to force a dissolution. [read post]
17 May 2023, 5:25 pm by Zamansky LLC
The post Zamansky LLC Investigates Lighthouse Capital Group LLC Over Potential Investment Fraud In Sales of Regulation D, REIT and DST Offerings appeared first on Zamansky LLC. [read post]
26 Feb 2018, 3:49 am by Peter Mahler
LLC guru Tom Rutledge wrote a very informative article on the topic, about which I interviewed him for my podcast, in which he gives a roadmap of the various considerations involved in designing and implementing an effective expulsion provision in an LLC agreement. [read post]
15 Nov 2022, 9:24 am by J. Ross Pepper
Generally speaking, this statute is designed to make members personally liable when they make distributions to themselves which leave the LLC unable to pay creditors. [read post]
13 Nov 2023, 4:07 am by Peter Mahler
First, I discussed how tax considerations dictated key elements of the original design and subsequent amendment of New York’s LLC Law. [read post]
8 Jan 2018, 3:29 am by Peter Mahler
Most of the time, the interim injunction is designed to maintain the status quo pending the ultimate determination of the parties’ claims. [read post]