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30 Apr 2012, 3:00 am by Peter A. Mahler
According to its December 2008 Operating Agreement (read here), Sapphire started operations with two members: Jacaranda Holdings, LLC ("Jacaranda") as the 51.1% managing member and TDK Holdings, LLC ("TDK") as the 48.9% non-managing member. [read post]
11 Aug 2011, 5:57 am by Larry Ribstein
  The Holland trust and Leemon managed the LLC together until Leemon took control over the other members’ objection. [read post]
6 Feb 2018, 11:26 am by Ed. Microjuris.com Puerto Rico
La Junta de Supervisión y Administración Financiera para Puerto Rico (la “Junta de Supervisión”) establecida bajo la ley bipartita Puerto Rico Oversight, Management and Economic Stability Act (“PROMESA” o la “Ley”) anunció hoy la contratación de Duff & Phelps LLC para llevar a cabo un análisis forense independiente de las cuentas del gobierno recientemente… [read post]
30 Nov 2013, 7:22 pm by Charles (Chuck) Rubin
Memo. 2003-176 [TC Memo 2003-176], 2003 WL 21396789, at *5 n.6; accord Estate of Hall v. [read post]
8 May 2024, 12:20 pm by Peter S. Lubin and Patrick Austermuehle
The aim of such a lawsuit is to protect the interests of the corporation or the LLC from the misconduct of its directors and managers (Silver v. [read post]
7 Feb 2013, 10:11 am by grosin
Thus, “[n]o act of a manager … in contravention of a restriction on authority shall bind the limited liability company to persons having knowledge of the restriction. [read post]
23 Oct 2023, 4:44 am by Peter Mahler
Her complaint alleged that Warren abused her authority in the management and operation of the realty LLC and that it was no longer “reasonably practicable to continue to carry on the business. [read post]
5 Feb 2023, 5:12 pm by Francis Pileggi
  The majority stockholder of T&S, Thompson, as well as the owner and president of RLC, Robinson, were the only two managers of the manager-managed LLC. [read post]
28 Aug 2017, 7:31 am by Lev Martyniuk
That is, are the directors acting as managers in a manager-managed LLC, or as members in a member-managed LLC, or as something else entirely? [read post]
28 Aug 2017, 7:31 am by Lev Martyniuk
That is, are the directors acting as managers in a manager-managed LLC, or as members in a member-managed LLC, or as something else entirely? [read post]
13 Feb 2012, 3:00 am by Peter A. Mahler
Chancellor Strine's use of a statutory launching pad to explore fiduciary duties of Delaware LLC managers invites a similar approach to the question of New York LLC manager fiduciary duties. [read post]
12 Aug 2010, 4:06 am by Larry Ribstein
Blum, 2010 WL 629850 at *10, n. 70 (Del.Ch., February 24, 2010), and Bay Center Apartments Owner, LLC v. [read post]
1 Aug 2016, 3:23 am by Peter Mahler
 Easily, at least in a case like this one involving a manager-managed LLC where the operating agreement excludes non-managing members from company management and has no other provisions requiring periodic member meetings or votes. [read post]