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22 Jan 2019, 2:37 pm by Kevin LaCroix
Board members’ private assets are subject to liability for the full damage they have caused, even in cases of only minor or slightly negligent breaches of duty. [read post]
25 Feb 2013, 3:42 am by Peter Mahler
If this were a suit by the minority shareholder of a close corporation, claiming that the majority owners were guilty of oppressive conduct warranting judicial dissolution under §1104-a of the Business Corporation Law, chances are the complaint would easily withstand a pretrial defense motion for dismissal on the grounds of legal insufficiency. [read post]
25 Aug 2009, 7:42 am
Pursuant to the terms of the Plan, the plaintiffs had chosen Continental Capital Corporation ("Capital") to be the investment advisor of the plaintiff's accounts under the Plan. [read post]
24 Nov 2020, 10:55 am by Silver Law Group
(CRD#:124583) of Sarasota, FL, Newbridge Securities Corporation (CRD#:104065) of Boca Raton, FL, and Summit Brokerage Services, Inc. [read post]
14 Jul 2022, 7:39 am by Silver Law Group
Philip Riposo was terminated from United Planners on 3/3/2022 after the firm discovered that he was accepting and depositing client checks made out to the name of his “Doing Business As” name (DBA), Riposo Asset Management. [read post]
16 Apr 2023, 9:05 pm by renholding
As a consequence, creditors cannot be forced to accept cuts if shareholders are not completely wiped out. [read post]
1 Apr 2013, 3:34 am by Peter Mahler
Here are some suggestions: Court-ordered buy-outs are here to stay in LLC dissolution cases, notwithstanding the absence of statutory authority as found in § 1118 of the Business Corporation Law applicable to dissolution cases involving closely held corporations. [read post]
14 Mar 2023, 6:01 pm by Trent Dykes
Other secured claims which are paid out by the receivership from the assets securing them to the extent of such assets. [read post]
18 Jun 2016, 5:09 am by Elena Chachko
The ICJ accepted jurisdiction based on this provision once before after the U.S. withdrawal, in the Oil Platforms Case. [read post]
27 Jul 2011, 2:29 pm by Aaron
Foreign Entities: Trusts, Partnerships, Corporations, Etc... [read post]
12 Mar 2013, 5:33 am by Stephen Page
Under subsection (2), in addition, the issuing authority must consider the following: (a) any family law orders in force in relation to the defendant, or any pending applications for family law orders in relation to the defendant, of which the issuing authority has been informed; (b) the accommodation needs of the protected person; (c) the defendant's criminal record as defined in the Criminal Records (Spent Convictions) Act ; (d) the defendant's previous conduct whether in relation to the protected… [read post]
26 Jun 2019, 7:04 am by Jay R. McDaniel, Esq.
  In a following post, we will look at buy-sell agreements in more detail and, in particular, shotgun language that is intended to keep a forced sale on terms acceptable to both parties. [read post]
15 Aug 2016, 2:33 pm by John Chierichella
The trustees and proxies run the cleared company independently, and are subject to the foreign owners’ control only in relation to the following “life or death” corporate decisions:  (i) the sale or disposal of all or a substantial part of the company’s assets, (ii) pledges, mortgages, or encumbrances on the capital stock, (iii) corporate mergers, consolidations, or reorganizations, (iv) dissolution, or (v) a declaration of bankruptcy. [read post]
15 Aug 2016, 2:11 pm by John Chierichella and Keith Szeliga
The trustees and proxies run the cleared company independently, and are subject to the foreign owners’ control only in relation to the following “life or death” corporate decisions:  (i) the sale or disposal of all or a substantial part of the company’s assets, (ii) pledges, mortgages, or encumbrances on the capital stock, (iii) corporate mergers, consolidations, or reorganizations, (iv) dissolution, or (v) a declaration of bankruptcy. [read post]
20 Apr 2010, 8:52 am by admin
The joint report (pdf, 415kb) of the inspectors general of the Treasury Department and the Federal Deposit Insurance Corporation (FDIC) said WaMu’s risky lending was the cause of the bank’s failure, but OTS failed to follow its own guidelines when rating WaMu’s asset qualities, and relied too heavily on WaMu’s self-reporting of actions it took to address examiner-identified weaknesses. [read post]
30 Jun 2008, 11:26 am
Thus, even in the absence of an actual merger or stock acquisition, it may be that a buyer of corporate assets will still face exposure to product litigation liability risks. [read post]
14 Aug 2011, 7:28 pm by A.J.B.
After mortgage-backed securities and Treasuries, it will be corporate bonds, auto loans and credit card debt that will also end up on the central bank’s balance sheet—and, of course, more Treasurys. [read post]
9 Jun 2010, 1:14 am by Paul
You can read the first three parts and other posts about South African corporate law right here. [read post]