Search for: "Definition Delaware, LLC"
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16 Aug 2021, 4:53 am
Courts in Delaware statutory appraisal proceedings, in which both DLOM and minority discounts are verboten, reason similarly. [read post]
8 Aug 2021, 10:03 am
The Delaware Superior Court recently dismissed Jarden LLC’s bid for D&O insurance coverage for an appraisal suit that was not “for” redress of a “wrongful act” – and even if it was, the act couldn’t have occurred before the sale to Jewel Rubbermaid Inc. closed, ending the coverage period, in Jarden LLC v. [read post]
7 Jun 2021, 4:38 am
” Ironically, under Delaware law, the only kind of claim for which LLCs “may not limit or eliminate liability” of managers or members is the type of claim Kagan held insufficient to establish personal liability in New York: “bad faith violation of the implied contractual covenant of good faith and fair dealing. [read post]
3 Jun 2021, 11:27 am
The first part was a more traditional definition of a securities claim and included claims alleging violations of securities regulations. [read post]
19 May 2021, 5:01 am
Last Friday [April 30, 2021], soon-to-be Chancellor McCormick issued a decision in Snow Phipps Group, LLC v. [read post]
26 Apr 2021, 10:02 am
Under this definition, a legal entity will have a total of between one and five beneficial owners (i.e., one person under the control prong and zero to four persons under the ownership prong). [read post]
22 Mar 2021, 4:17 am
In Weingarten v Kopelowitz, 2020 NY Slip Op 51260(U) [Sup Ct Kings County 2020], the plaintiff brought suit individually and derivatively on behalf of a Delaware LLC in which he held a one-third membership agreement after he was terminated as property manager of multi-unit rental properties in Tennessee owned indirectly by the LLC. [read post]
19 Feb 2021, 9:41 am
A recent Delaware Court of Chancery decision provided an exemplary analysis of when a deadlock in an LLC might be the basis for a dissolution. [read post]
28 Jan 2021, 6:09 pm
” Several terms were defined in the agreement–with rather lengthy definitions–but the definitions did not provide sufficient clarity. [read post]
16 Jan 2021, 10:57 pm
This includes courts in California, Delaware, Illinois, New York, and Washington.[26] To determine which category a letter of intent falls under, courts examine the intentions of the parties.[27] In fact, the primary factor of all letter of intent analysis is the intentions of the parties.[28] Intent is the “touchstone” upon which letter of intent litigation hinges.[29] C. [read post]
7 Jan 2021, 11:01 pm
In another twist on this fact pattern, the District of Delaware recently considered whether the underlying evidence of these disputes should be the focus at all. [read post]
27 Dec 2020, 7:55 am
However, in APL Microscopic, LLC v. [read post]
24 Dec 2020, 8:30 pm
The company was incorporated in Delaware as American Made Media Consultants Corporation and American Made Media Consultants. [read post]
23 Dec 2020, 6:16 am
Maps Hotels and Resorts One LLC (Nov. 30, 2020), the Delaware Court of Chancery has reached the first decision, on the merits, that we know of on these issues. [read post]
13 Oct 2020, 6:50 am
Chamber of Commerce supports the OCC’s efforts to remove ambiguity in the definition of a “true lender” but also thinks the suggested two-pronged test is too broad. [read post]
9 Oct 2020, 7:54 am
The SROs have proposed that the new plan take the form of a limited liability company agreement for a new Delaware limited liability company, CT Plan LLC. [read post]
1 Oct 2020, 10:33 pm
What if a corporation or a limited liability company (LLC) is formed in another state, like Delaware or Nevada, but does business in California? [read post]
1 Oct 2020, 10:33 pm
What if a corporation or a limited liability company (LLC) is formed in another state, like Delaware or Nevada, but does business in California? [read post]
25 Sep 2020, 6:31 am
SEC Expands Definition of “Accredited Investor” Posted by Jessica Forbes, Stacey Song, and Joanna D. [read post]
16 Sep 2020, 9:58 am
Rather, Maffick LLC, a Delaware-based company owned entirely by Naouai, is the sole owner of In the NOW and its companion channels. [read post]
