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22 May 2018, 3:30 am by Charles R. Macedo
The post Askeladden LLC Submits Another Amicus Brief Advocating Against Tribal Sovereign Immunity for PTAB Proceedings appeared first on IPWatchdog.com | Patents & Patent Law. [read post]
2 May 2016, 3:09 am by Peter Mahler
 Second, the LLC’s articles of organization contained no provision authorizing expulsion of a member, thus at the time of plaintiff’s supposed expulsion, under the governing default rules of the LLC Law “there was no voting mechanism in place or provision regarding the removal of a member. [read post]
11 May 2020, 3:19 am by Franklin C. McRoberts
” Quoting Ocean Avenue, the Court noted that courts “may not dissolve” an LLC “merely because the LLC has not experienced a smooth glide to profitability or because events have not turned out exactly as the LLC’s owners originally envisioned,” and “[e]ven in the case of deadlock, dissolution is prohibited if the operating agreement provides a mechanism for resolving that deadlock. [read post]
1 Nov 2007, 7:18 am
Press release:  NORWICH, CT - November 1, 2007 - Daticon LLC, a leading provider of electronic discovery and litigation support services for nearly 15 years, announced its support for the Electronic Discovery Reference Model (EDRM) project and its development of an Extensible Markup Language (XML) standard facilitating easy transfer of electronically stored information (ESI) to and from applications involved in different phases of the discovery process. [read post]
9 Nov 2020, 3:31 am by Peter Mahler
That’s the hard lesson learned by the 49% LLC member in Lard-PT, LLC v Seokoh, Inc., 2020 NY Slip Op 51208(U) [Sup Ct NY County Oct. 20, 2020], in which Manhattan Commercial Division Justice Andrew Borrok denied the 49% member’s summary judgment motion based on findings that put the 51% member on a winning path. [read post]
20 Dec 2009, 12:11 pm
Among other things, the agreement provided a mechanism for selecting supposedly neutral appraisers to determine the fair market value of the franchises. [read post]
18 Feb 2013, 11:03 pm by Peter Mahler
Cohen, 2013 NY Slip Op 50092(U) (Sup Ct Kings County Jan. 15, 2013), decided last month by Brooklyn Commercial Division Justice Carolyn E. [read post]
9 Dec 2019, 1:05 am by Peter Mahler
“Disputes between members are not sufficient to warrant the exercise of judicial discretion to dissolve an LLC that is operated in a manner within the contemplation of it[s] purposes and objections as defined in its articles of organization and/or operating agreement” (Kassab v Kasab, 60 Misc 3d 1204[A] [Sup Ct Queens Cnty 2018]). [read post]
5 Nov 2012, 2:00 am by Peter Mahler
Vella involves the three owners of a Long Island-based commercial HVAC company called Performance Mechanical Corp. [read post]
3 Feb 2017, 7:49 am
RubinHolding:  Judicial dissolution is an inappropriate remedy for deadlock over the identity of a managing member of an LLC where an LLC’s members have (1) a reasonable exit mechanism to receive fair value for their interest and (2) the Operating Agreement provides an alternative dispute resolution mechanism such as arbitration.Facts:  Plaintiff and Defendant, each a family limited partnership involved in a series of commercial real estate… [read post]
19 Mar 2020, 10:35 am by Chris Wesner
The Debtors also filed the declaration of Amy Lee (the “Lee Declaration”) (Doc. 5), a senior director at Alvarez & Marsal North America, LLC (“Alvarez”), the financial advisor to the Debtors. [read post]
12 Nov 2018, 3:16 am by Peter Mahler
” Justice Masley thus ruled in Casilli’s favor: There are no mechanisms for forcing a Manager to appear for a Board meeting, or for circumventing an inability to obtain a quorum. . . . [read post]