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5 Apr 2018, 7:08 am by John McFarland
Orca Assets GP, LLC, No. 15-0712, an interesting exposition on the value and risks of including no-warranty language in an oil and gas lease. [read post]
8 Sep 2008, 11:30 am
After noting that Perry did not proffer a reasonable excuse for his belated discovery of the executed management agreement, Justice Bucaria dismissed Perry's reliance on the agreement, writing: [T]he management agreement does not prove that the LLC was an ongoing viable entity, only that the LLC was "prepared to deal with the re-letting of the [subject premises] . . . [read post]
18 May 2015, 3:48 am by Peter Mahler
The First Department held this allegation insufficient and dismissed the complaint’s remaining claims, explaining that this Court has made clear that Business Corporation Law § 626(c) “does not differentiate between minority and majority shareholders for demand purposes” (see Ocelot Capital Mgt., LLC v Hershkovitz, 90 AD3d 464, 466 [1st Dept 2011]). [read post]
27 Jul 2012, 12:19 pm
Another typical permit is one that differentiates the legal entity name from the name under which the entity does business. [read post]
19 Jun 2021, 7:52 am by Jay R. McDaniel, Esq.
Dissolution is denied when purpose of limited liability company did not include a member’s participation in management, and petition for dissolution is dismissed. [read post]
1 Dec 2016, 5:52 am by Jennifer C. Meusel
Additional flexibility is found in the LLC because profits and losses can be allocated in any way desired by the members, it does not have to be based on the amount of capital contributions contributed by each member. [read post]
7 Feb 2011, 3:00 am by Peter A. Mahler
   But it does seem clear that the courts are approaching the issue in a uniform fashion guided by the appellate decision's contract-based analysis. [read post]
9 May 2014, 12:54 pm by Sutherland LNG
Department of Energy recently posted on its website applications to export LNG submitted by Strom, Inc. and Alturus LLC. [read post]
9 May 2014, 12:54 pm by Sutherland LNG
Department of Energy recently posted on its website applications to export LNG submitted by Strom, Inc. and Alturus LLC. [read post]
12 May 2017, 4:15 am by Robert Schaffer
§ 317(b) for reexamination proceedings applies, claim-by-claim, to the party in the litigation, and does not... [read post]
28 Jul 2008, 11:30 am
  As a result, members who continue to do business through the old LLC, or who start up a new competing company prior to formal dissolution of the old LLC, must account to the excluded members for pre-dissolution profits. [read post]
20 Oct 2023, 2:24 pm by Derick Vranizan
Pasteurization is the only effective method for eliminating most harmful germs in raw milk or milk products and does not significantly change dairy’s nutritional value. [read post]