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5 Nov 2012, 2:00 am
Vella contended that, because the LLC never acquired the Maspeth property, and because the operating agreement’s purpose clause was never amended in writing to authorize the purchase and operation of any other property, the LLC’s stated purpose cannot be realized and therefore dissolution is warranted notwithstanding Vella’s admitted agreement to purchase the New Hyde Park property. [read post]
20 Nov 2022, 11:03 pm
The standard’s focus on the achievement or not of the LLC’s “stated purpose” has taken center stage in many an LLC dissolution case (and many a post on this blog, e.g., here, here, and here). [read post]
Texas Federal Jury Awards $152 Million in Trade Secret Misappropriation Case Interrupted by COVID-19
29 Mar 2021, 9:53 am
Karya Property Management LLC et al., case number 4:19-cv-00402, in the U.S. [read post]
26 Sep 2015, 10:22 pm
.; the Bloomingburg Jewish Education Center; Learning Tree Properties, LLC; Malka Rosenbaum; Sheindel Stein; Winterton Properties, LLC; and Commercial Corner, LLC (collectively the “Plaintiffs”) alleged that defendants are working together to prevent Hasidic Jews from moving into the vicinity of Bloomingburg, New York, a small village in Sullivan County with a population of about 400. [read post]
22 Nov 2009, 2:02 pm
The Appellate Division Third Department denied the application relying upon the holding in Matter of 49 WB, LLC v. [read post]
22 Nov 2009, 2:02 pm
The Appellate Division Third Department denied the application relying upon the holding in Matter of 49 WB, LLC v. [read post]
15 Oct 2010, 8:03 am
R.S. 12:1310.1, which provides that when immovable property is acquired by an individual-who is acting in any capacity for and in the name of any LLC-and the LLC is later issued a certificate of organization, the LLC's existence is retroactive to the date of acquisition of the interest in the immovable property. [read post]
27 Sep 2022, 9:31 am
Hotel and Suites, LLC v. [read post]
17 Aug 2011, 4:00 am
The case of the day is Tiffany (NJ) LLC v. [read post]
17 Aug 2011, 4:00 am
The case of the day is Tiffany (NJ) LLC v. [read post]
17 Aug 2011, 4:00 am
The case of the day is Tiffany (NJ) LLC v. [read post]
21 Apr 2009, 12:41 pm
Another entity, known as EB North, actually owned the property for the Project. [read post]
19 Mar 2012, 4:00 am
(Click here to read a copy of the complete LLC agreement.) [read post]
5 Feb 2018, 3:31 am
The test for judicial dissolution of LLCs under LLC Law § 702, as laid down in 1545 Ocean Avenue, initially asks whether the managers are unable or unwilling to reasonably permit or promote realization of the LLC’s “stated purpose” as found in its operating agreement. [read post]
7 Jan 2013, 8:22 am
Barbarry Properties, LLC, 2013 NCBC 1 is to be ready to present your calculation of damages at the summary judgment stage or to be prepared to have your claim dismissed. [read post]
15 Nov 2020, 8:20 am
Stone River Lodge, LLC v Village of North Utica, 2020 WL 6717729 (ND IL 11/15/2020) [read post]
8 Nov 2018, 4:32 am
Intellectual property disputes will again take their place on stage at the U.S. [read post]
28 Nov 2011, 3:00 am
" to which defense counsel answered, LLCs are based on contractual relations established by the parties in the operating agreement and, therefore, at the pre-formation stage there is no point at which one can say the fiduciary relationship begins and ends. [read post]
3 Jul 2019, 10:00 am
What property should be distributed, who should be in charge, if you have minor children, who’s the nominated guardian for those people, what to do with your remains. [read post]
25 Jul 2019, 4:00 am
In TAL Properties of Pomona, LLC v. [read post]
