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12 Jun 2024, 1:36 pm by Kelly Lavelle
Reprinted with permission from the June 10, 2024 edition of “The Legal Intelligencer” © 2024 ALM Media Properties, LLC. [read post]
12 Jun 2024, 7:02 am by Howard Mulligan
In many ways, these state statutes have been a step in the right direction, in addressing matters such as profit allocation and institutional transparency, as well as in the establishment of safety, insurance and health care safeguards. [read post]
10 Jun 2024, 10:12 am by Chris Sutton
LLCs: Members of an LLC may disagree on operational decisions, profit distribution, or future direction, necessitating a separation. [read post]
10 Jun 2024, 3:48 am by Peter A. Mahler
Less than two weeks later, the Petitioner filed a new complaint concerning the subject LLC based on essentially the same allegations in the dismissed dissolution petition, in which he asserts four derivative claims and six direct claims against the Respondent. [read post]
9 Jun 2024, 9:16 pm by Bona Law PC
First, because there is no direct evidence of such agreement through communications or meetings among them. [read post]
9 Jun 2024, 9:05 pm by renholding
It concluded that the Pre-Approval Requirements impermissibly provided for the business and affairs of the corporation to be managed by Ken Moelis, instead of remaining under the direction of the board, and, as such, were inconsistent with DGCL § 141(a). [read post]
7 Jun 2024, 10:50 am by jeffreynewmanadmin
The Securities and Exchange Commission charged three persons with fraud for selling unregistered membership interests in LLCs that purported to invest in shares of pre-IPO companies, first on behalf of StraightPath Venture Partners LLC, the subject of the Commission’s emergency action in May 2022, and, later, on behalf of Legend Venture Partners LLC, the subject of the Commission’s emergency action in June 2023. [read post]
6 Jun 2024, 7:14 am by Rich Worf
But it is sometimes possible for other orders to come along for the ride, as demonstrated by the Fourth Circuit’s recent decision in Elegant Massage LLC v. [read post]