Search for: "May v. Asset Acceptance, LLC" Results 41 - 60 of 378
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21 Jul 2008, 11:30 am
Carberry, in which the court dismissed as unauthorized a suit by the corporation initiated by one 50% shareholder against the other for conversion of company assets (read here), and the infinitely fascinating Caplash v. [read post]
9 Dec 2013, 12:28 am by Peter Mahler
Since the court may adjust the buyout price based upon a dissipation of assets, it may temporarily restrain the repurchase of a minority member’s interest, pending determination of the appropriate adjustment. [read post]
17 Apr 2023, 4:01 am by Peter Mahler
The assets addressed in the Postnup include Bruno’s approximate 99% membership interest in a Delaware limited liability company called Grenelle, LLC that holds around 400,000 Bic shares apparently worth tens of millions, as well as ownership of a Paris apartment then valued over $10 million. [read post]
6 May 2019, 12:26 am by Peter Mahler
Vice Chancellor Glasscock’s recent valuation opinion in Smith v Promontory Financial Group, LLC, Mem. [read post]
24 Nov 2023, 7:38 am by CMS
In this post, Pippa Borton, Associate at CMS, previews the decision awaited from the Supreme Court in Kireeva v Bedzhamov. [read post]
1 Apr 2014, 11:42 am by Matt Van Steenkiste
In McDonald v Asset Acceptance it was held that a third party debt buyer (Asset Acceptance and Cavalry are very similar in this respect) may not charge interest for the period of time post charge off. [read post]
11 Jan 2021, 4:46 am by Peter Mahler
Now there’s a fourth, Bak v Rostek, 2020 NY Slip Op 33142(U) [Sup Ct Kings County Sept. 25, 2020], in which a 47.5% member of a single-asset realty-holding LLC sold his membership interest to the other 52.5% member for around $900,000 based on a $1.9 million valuation assigned by the buying member. [read post]
8 Feb 2021, 4:40 am by Peter J. Sluka
 At this stage, therefore, the case reminds us that the LLC operating agreement may give way to a subsequent, less formal agreement when both LLC members manifest their intent to be bound by the latter. [read post]