Search for: "Third Avenue Management Company LLC"
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30 Oct 2017, 4:29 am
The focus is on the operating agreement, and whether the company can function as intended in accordance with the LLC’s stated purpose. [read post]
27 Dec 2022, 4:24 am
To do so, they formed Bull-Poet, a New York LLC, with each of the friends owning a one-third membership interest in the LLC. [read post]
25 Apr 2016, 3:17 am
“Here,” she wrote, the Company’s LLC agreement does so as well, and the New Jersey court’s recent appointment of a fifth, tie-breaking Director provides a path for management to reasonably permit or promote the stated purpose of the Company to be realized or achieved and for the Company to proceed profitably. [read post]
21 Mar 2016, 3:28 am
In 2005, Luciano Bonanni sued his business partners in a profitable limited liability company that provides MRI scanners to hospitals and management services to an affiliated radiology practice. [read post]
5 Aug 2020, 8:47 am
Furman, through his company, United Fidelis Group Corp., managed and operated Fidelis Financial Planning LLC (“Fidelis”). [read post]
18 Dec 2015, 8:59 am
In response to a number of complaints and concerns, the board of directors of Third Avenue Focused Credit Fund, together with the fund’s adviser, determined that its original plan calling for transfer of certain assets to a liquidating trust would be insufficient to protect the fund and its shareholders and requested the relief to ensure a more fair and efficient liquidation process (Third Avenue Trust and Third Avenue Management… [read post]
24 Aug 2009, 4:00 am
Last year I wrote about the uncertainty surrounding the rights of members of New York LLCs to gain access to company books and records primarily due to the paucity of court decisions construing the inspection statute, LLC Law Section 1102 (read here). [read post]
31 Oct 2011, 3:00 am
" As further explained by the Surrogate: The Limited Liability Company Law provides that, unless provided otherwise in the operating agreement, management of the company is vested in its members. [read post]
4 Aug 2013, 5:09 am
In the third case highlighted below, the court summarily dismissed a complaint seeking to recover a share of company profits for the period preceding revocation of an LLC membership purchase agreement. [read post]
22 Oct 2012, 3:45 am
Six months later, Member A sells lease to third party for $17.5 million. [read post]
5 Nov 2012, 2:00 am
In 2007, as equal one-third members, they formed a separate company called JP&F Realty Holdings, LLC, to acquire a building to house the HVAC business. [read post]
5 Feb 2018, 3:31 am
The test for judicial dissolution of LLCs under LLC Law § 702, as laid down in 1545 Ocean Avenue, initially asks whether the managers are unable or unwilling to reasonably permit or promote realization of the LLC’s “stated purpose” as found in its operating agreement. [read post]
25 Jun 2018, 3:41 am
Nissim’s second shot at dissolving Mall, like the first unsuccessful one, illustrates anew the hurdles faced by a minority member of a solvent, realty-holding LLC, particularly when there’s no operating agreement giving the minority member additional management rights, in satisfying the prevailing standard for judicial dissolution of LLCs as articulated in the 1545 Ocean Avenue case, namely, the LLC’s management… [read post]
9 Sep 2019, 3:27 am
” Relevant to the statutory standard under Kentucky law, as under New York law as articulated in 1545 Ocean Avenue, is whether the managing members of the LLC are unwilling to promote the LLC’s purposes as set forth in the operating agreement. [read post]
25 Jan 2012, 7:48 am
If you do not specifically address whether the LLC is managed by the members or a manager then by default it is deemed managed by the members. [read post]
10 May 2021, 3:56 am
Later that same year, plaintiff Stephen Vogel together with Boris and Kiev formed a Delaware LLC known as Forum Capital Management, LLC (“Forum Capital”) as a sponsor to manage FMC I. [read post]
21 Mar 2016, 3:28 am
In 2005, Luciano Bonanni sued his business partners in a profitable limited liability company that provides MRI scanners to hospitals and management services to an affiliated radiology practice. [read post]
21 Mar 2016, 3:28 am
In 2005, Luciano Bonanni sued his business partners in a profitable limited liability company that provides MRI scanners to hospitals and management services to an affiliated radiology practice. [read post]
25 Apr 2016, 3:17 am
“Here,” she wrote, the Company’s LLC agreement does so as well, and the New Jersey court’s recent appointment of a fifth, tie-breaking Director provides a path for management to reasonably permit or promote the stated purpose of the Company to be realized or achieved and for the Company to proceed profitably. [read post]
25 Apr 2016, 3:17 am
“Here,” she wrote, the Company’s LLC agreement does so as well, and the New Jersey court’s recent appointment of a fifth, tie-breaking Director provides a path for management to reasonably permit or promote the stated purpose of the Company to be realized or achieved and for the Company to proceed profitably. [read post]
