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5 Jun 2014, 7:19 am by Andrew Abramowitz
The post Professional Corporations and LLCs appeared first on Andrew Abramowitz, PLLC. [read post]
26 May 2014, 5:16 am by SHG
Copyright © 2013 Simple Justice NY, LLC This feed is for personal, non-commercial and Newstex use only. [read post]
19 May 2014, 3:09 am by Peter Mahler
Binn and the LLC have filed a notice of appeal — the court’s ruling offers an important lesson about drafting dissolution provisions in LLC operating agreements so as not to empower passive minority investors in start-up companies from interfering with growth opportunities requiring new sources of capital. [read post]
9 May 2014, 4:04 am by SHG
  You confuse being nice with being passive, with being a pushover. [read post]
7 May 2014, 4:13 am by SHG
  Copyright © 2013 Simple Justice NY, LLC This feed is for personal, non-commercial and Newstex use only. [read post]
7 May 2014, 3:05 am by SHG
  Copyright © 2013 Simple Justice NY, LLC This feed is for personal, non-commercial and Newstex use only. [read post]
6 May 2014, 4:52 am by Broc Romanek
Plaintiffs, including Third Point LLC and other stockholders, claimed that the board had violated its fiduciary duties by (1) adopting a stockholder rights plan with a two-tiered trigger, capping stockholders who file Schedule 13Ds at 10% of the outstanding stock, but permitting passive investors who file Schedule 13Gs to acquire up to 20% of the outstanding stock; and (2) refusing to grant Third Point, the company’s largest stockholder, a waiver enabling it to acquire up to… [read post]
28 Apr 2014, 3:10 am by Peter Mahler
” Takeaways: The court’s refusal to acknowledge a fiduciary duty of a non-managing LLC member is no surprise, and is consistent with case law from other jurisdictions and with New York precedent to similar effect in cases involving passive minority shareholders of closely held corporations. [read post]
17 Apr 2014, 9:59 pm by Florian Mueller
Although Rockstar Bidco reorganized itself to become Rockstar, it does not appear that any ownership interests changed, nor do Defendants assert otherwise.Even if Apple is a majority shareholder of Rockstar, if Defendants were able to demonstrate that Apple is a mere passive shareholder and takes no part in patent assertion strategy, then the relationship between Apple and Defendants might not be sufficient to uphold specific jurisdiction. [...] [read post]
15 Apr 2014, 4:24 am by SHG
Copyright © 2013 Simple Justice NY, LLC This feed is for personal, non-commercial and Newstex use only. [read post]
1 Apr 2014, 4:24 am by SHG
Copyright © 2013 Simple Justice NY, LLC This feed is for personal, non-commercial and Newstex use only. [read post]
28 Mar 2014, 6:22 pm by Charles (Chuck) Rubin
The trust owned an interest in a disregarded LLC that conducted management activities in the rental real estate field. [read post]
22 Mar 2014, 11:29 am by Simon Chester
Some class representatives are simply passive names on a statement of claim. [read post]
3 Mar 2014, 4:32 am by SHG
Copyright © 2013 Simple Justice NY, LLC This feed is for personal, non-commercial and Newstex use only. [read post]
27 Feb 2014, 10:10 am by Devlin Hartline
”8 Grounded in the policy argument that “it does not make sense to adopt a rule that could lead to the liability of countless parties whose role in the infringement is nothing more than setting up and operating a system that is necessary for the functioning of the Internet,” Judge Whyte proposed a dichotomy between a passive conduit, which provides only dumb pipes used by others to copy, and an active participant, which takes affirmative steps to bring about the copying.9… [read post]
25 Feb 2014, 4:37 am by SHG
H/T Radley Balko Copyright © 2013 Simple Justice NY, LLC This feed is for personal, non-commercial and Newstex use only. [read post]
14 Feb 2014, 12:00 pm by Mary Pat Dwyer
At its Conference on February 21, 2014, the Court will consider petitions seeking review of issues such as rights of eighteen- to twenty-year-olds under the Second Amendment, police use of nontrivial force against a passively resisting arrestee, Federal Power Act requirements for interstate electric rates, preemption of local ordinances banning renting housing to illegal aliens, and whether hosting poker games is a federal felony. [read post]