Search for: "Ocean, LLC"
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9 Sep 2014, 3:34 pm
The Maryland law firm of Lebowitz & Mzhen, LLC is a well-regarded personal injury firm known for its experienced team of premises liability attorneys. [read post]
7 Jan 2013, 8:31 pm
GIANT Food Stores, LLC and MARTIN’S Food Markets, following a recall by Ocean Beauty Seafoods LLC, announced it removed from sale several varieties of smoked salmon due to possible contamination by listeria monocytogenes. [read post]
25 Mar 2024, 3:25 am
The relatively high standard for judicial dissolution of an LLC (here is a primer on the “unable or unwilling to promote the stated purpose” standard of 1545 Ocean Avenue), combined with the fact that many operating agreements contain a broad “purpose clause,” combined with the potential for a bad faith defense (discussed here) has produced a considerable number of cases where a minority owner’s bid to dissolve a financially viable LLC… [read post]
5 Nov 2012, 2:00 am
It stands to reason that the narrower the purpose clause, the easier it should be to satisfy the first prong of the 1545 Ocean standard. [read post]
13 Mar 2023, 4:33 am
Those standards are generally friendlier to minority shareholders than the involuntary dissolution standard for LLCs, which requires showing that “it is not reasonably practicable to carry on the business in conformity with the articles of organization or operating agreement,” particularly where many operating agreements state that the LLC is formed for “any valid business purpose” (LLC Law § 702; Matter of 1545 Ocean Avenue,… [read post]
22 Jun 2018, 6:42 pm
In WesternGeco LLC v. [read post]
13 Apr 2016, 2:43 pm
CannaMED Pharmaceuticals LLC purchased 27120 Ocean Gateway in Hebron for about $1 million, Angeline Nanni, the firm’s president and CEO, said. [read post]
24 Nov 2010, 2:28 am
Case: Muong v. 550 Ocean Avenue, LLC, NY Slip Op 08078 (2d Dept. 2010) Friday’s issue: Torts. [read post]
1 Mar 2011, 6:32 am
The National Oceanic and Atmospheric Administration (NOAA) announced in this morning's Federal Register that it is in receipt of an incidental take application submitted by Port Dolphin Energy LLC. [read post]
16 Nov 2016, 2:49 pm
Symphony Homes LLC purchased the 43-unit apartment complex in Baltimore’s Northwood neighborhood from Blue Ocean Realty. [read post]
8 Jun 2015, 3:26 am
In New York, Justice Austin, writing for the Appellate Division, Second Department, in the seminal 1545 Ocean Avenue decision, similarly crafted a dissolution standard keyed to the frustration of the LLC’s “stated purpose” in the context of its operating agreement. [read post]
1 Oct 2012, 2:00 am
In New York, the 1545 Ocean Avenue case was the first major, appellate pronouncement that judges considering petitions to dissolve LLCs may not rely on the dissolution standards under the business corporation laws and, following the Delaware Chancery Court’s lead, that the inquiry in LLC dissolution cases is a contract-based analysis that centers on management’s ability to achieve the LLC’s stated purpose and its financial feasibility in the… [read post]
18 Jun 2012, 3:00 am
She further argued that, under the test articulated in Matter of 1545 Ocean Avenue, LLC, 72 AD3d 121 (2d Dept 2010), dissolution was warranted because of the failure of the LLC to achieve its purpose to open a tattoo business "that both owners would jointly run. [read post]
4 Aug 2015, 2:29 pm
Department of Energy (DOE) has issued an order authorizing Floridian Natural Gas Storage Company, LLC, (Floridian) to export LNG produced at Floridian’s proposed liquefaction and storage facility in Martin County, Fla., and transported via ISO containers on trucks for ultimate export via ocean-going vessels to nations with a Free Trade Agreement (FTA) with the United States. [read post]
2 Oct 2017, 3:33 am
Background PEI Mussel Kitchen LLC was a seven-member LLC formed in 2009. [read post]
2 Oct 2017, 3:33 am
Background PEI Mussel Kitchen LLC was a seven-member LLC formed in 2009. [read post]
18 May 2015, 3:48 am
Notice the court’s reference to, and quotation of, the LLC’s “stated purpose” contained in Section 3.1 of the operating agreement, which corresponds to the first prong of 1545 Ocean Avenue‘s standard for dissolution. [read post]
1 May 2012, 11:27 am
Cheniere Marketing, LLC has filed an application with the U.S. [read post]
6 Apr 2011, 2:24 pm
Satellite TV wasnt commonplace yet, so the nations few golf fans had to wait for a videotape to traverse the oceans. [read post]
7 Dec 2020, 4:59 am
(See also Matter of 1545 Ocean Avenue, LLC, 72 AD3d 121 [2d Dept 2010][holding that the BCL’s dissolution sections do not apply to LLCs]). [read post]
