Search for: "Direct Benefits, LLC"
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2 Feb 2021, 1:38 pm
To keep a Delaware LLC in good standing (preserving asset protection benefits), the LLC should continue to pay franchise tax each year after formation, until the eventual cancellation of the LLC, at which time the Certificate of Cancellation should be filed. [read post]
24 May 2016, 4:31 pm
Enfish arose after Enfish, LLC sued Microsoft, alleging that Microsoft infringed two of Enfish’s patents—U.S. [read post]
23 Oct 2023, 4:44 am
Here’s the kicker ordered by the trial judge, as described by the Court of Appeals: Since [the realty LLC] would continue existing, and in order to avoid another breakdown in communication, the trial court held, “[I]t will be essential in the future for these parties to have [the] benefit of a formal operating agreement for [the realty LLC],” and accordingly the two members were “ordered to immediately retain counsel to negotiate and draft an… [read post]
23 Jul 2021, 6:01 am
In general, recipients of SSDI/SSI benefits have the right to receive, spend, and manage their benefits themselves. [read post]
11 May 2020, 3:19 am
So the question: where an LLC member misleads a co-member in connection with a potential sale of the business to a third party, is that a direct or derivative cause of action? [read post]
20 Nov 2017, 2:13 am
But, at least arguably, derivative claims, which seek recovery for the benefit of the LLC based on alleged wrongdoing by LLC controllers in connection with their management of the LLC’s affairs, implicate interests and policies different from a non-member assignee’s direct claim for access to the LLC’s records for the purpose of protecting the assignee’s right to receive distributions and profit/loss… [read post]
FORT LAUDERDALE BUSINESS LITIGATION: SHAREHOLDER DERIVATIVE AND DIRECT LAWSUITS AGAINST CORPORATIONS
2 Feb 2024, 5:39 am
See Dinuro Investments, LLC v. [read post]
1 Jul 2016, 12:00 am
and Enfish LLC v. [read post]
30 Apr 2012, 3:00 am
REV. 827, 842 (2005) (“RUPA purposefully eschews one of the most logical consequences of entity status--namely, a distinction (with consequences) between direct and derivative claims. [read post]
22 Apr 2019, 3:46 am
Nissim’s pleading also included direct and derivative claims seeking damages against Avraham on behalf of both Mall and Corner. [read post]
7 Dec 2020, 4:59 am
Because a successful derivative suit confers on the corporation a benefit for which the corporation itself would otherwise have had to pay, section 626(e) allows the court to award plaintiffs attorney’s fees incurred in securing that benefit. [read post]
13 May 2013, 9:16 am
LLC v. [read post]
27 Feb 2020, 6:00 am
Paine also benefited from a management agreement that entitled it to receive certain management fees tied to acquisitions. [read post]
11 Mar 2018, 7:40 pm
Reparation benefits. [read post]
14 May 2013, 12:00 am
In Advanced Tactical Ordnance Systems, LLC v. [read post]
25 Apr 2007, 11:20 am
This latest product offering from iCONECT Development, LLC offers direct access to Oracle so you can optimize your system and workflow based on your specific requirements. [read post]
2 May 2024, 1:20 pm
In Illinois, the concept of LLC member or shareholder oppression is generally conceived as actions that are “illegal, oppressive, or fraudulent”. [read post]
30 Apr 2012, 3:00 am
There may be circumstances of overlapping ownership and control, and divergent interests, that leave some stakeholders with no ability to seek judicial dissolution in their own right or through the entity in which they hold a direct interest. [read post]
18 May 2020, 3:50 am
Access to judicial remedies became harder by importation from corporate law of the direct versus derivative distinction. [read post]
2 Dec 2019, 3:26 am
The complaint included derivative claims for breach of fiduciary duty, conversion and fraud, and direct claims for breach of contract and accounting. [read post]