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24 Sep 2018, 2:02 pm by Daniel Nathan
Tomahawk Exploration LLC offered and distributed digital assets in the form of tokens called “Tomahawkcoins,” or “TOM tokens” through an initial coin offering (“ICO“). [read post]
12 Mar 2017, 7:49 pm by Patent Docs
Patent Directed to System for Remote Mirroring of Digital Data Found Invalid under Section 101 By Joseph Herndon -- Intellectual Ventures brought a patent-infringement suit against Symantec Corpo. and Veritas Technologies asserting that Symantec's VVR product infringes claims 25 and 33 of U.S. [read post]
4 Aug 2013, 5:09 am by Peter Mahler
One of the members filed two separate proceedings for dissolution of the LLC and the corporation, alleging that the funeral home was not paying rent to the LLC; that he has been excluded from all aspects and control of the business, and that it is not reasonably practicable for the LLC to carry on its business if the court directs dissolution of the corporation in the other proceeding. [read post]
7 Sep 2012, 8:58 am
  It may be that the business has moved in a new direction, or perhaps it is simply that the founding member no longer inspires the same type of confidence as when he or she was younger. [read post]
1 Apr 2013, 3:34 am by Peter Mahler
He also argued that the buy-out was authorized by the Second Department’s decision in Matter of Superior Vending, LLC, 71 AD3d 1153 (2d Dept 2010), which upheld an order in an LLC dissolution case directing the controlling member to repay the non-controlling member his investment in the LLC in exchange for his membership interest as “the most equitable method of liquidation. [read post]
18 Feb 2013, 11:03 pm by Peter Mahler
In Lyons, the Appellate Division, First Department, held that the absence of a provision in the LLC Law expressly authorizing a buy-out in a dissolution proceeding does not preclude a trial court from granting the parties “mutual buy-out rights,” and that “it is an equitable method of liquidation to allow either party to bid the fair market value of the other party’s interest in the business, with the receiver directed to accept the highest… [read post]
27 Aug 2021, 8:15 am by Logan Murr
The Tab Patents are directed to systems and methods for displaying and navigating three-dimensional electronic spreadsheets by use... [read post]
20 Oct 2017, 8:25 am by Robert Schaffer
Universal Wilde, Inc., where the Appellant, Secured Mail Solutions LLC (“Secured Mail”) appealed from the grant of a motion to dismiss on grounds that the claims of seven asserted patents are directed to subject matter ineligible for patenting under 35 U.S.C. [read post]
14 Feb 2008, 2:02 pm
  Without such rights, members holding minority interests in LLCs had little recourse against majority abuses that caused direct injury only to the LLC (e.g., taking excessive compensation or other forms of self dealing). [read post]
26 Jul 2016, 9:07 pm by Denis Stearns
Good Food Concepts, LLC, doing business as Ranch Foods Direct, a Colorado Springs, Colo. establishment, is recalling approximately 2,606 pounds of non-intact beef products that may be contaminated with E. coli O157:H7, the U.S. [read post]
16 Oct 2014, 9:46 pm by Patent Docs
CLS Bank decision propagates through the USPTO and lower courts, many patent applications and patents directed to business methods are being rejected or struck down for failing to meet the patentable subject matter requirements of 35 U.S.C. [read post]
7 Feb 2023, 6:12 am by Jay R. McDaniel, Esq.
  (For a discussion of the grounds for involuntary dissociation, see our post here., When Can a LLC Member Be Expelled?) [read post]