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30 Sep 2022, 5:58 pm by John Jascob
The defendant argued that the Second Circuit’s decision in Parkcentral Global Hub Ltd. v. [read post]
22 Sep 2022, 9:23 am by Silver Law Group
  Worden Capital Management LLC   Steven Wyatt   Morgan Stanley Smith Barney   Morgan Stanley & Co, Incorporated Brokers and brokerage firms are obligated to satisfy all FINRA arbitration judgements, without any unreasonable or unwarranted delay. [read post]
22 Aug 2022, 4:09 am by Peter J. Sluka
  As to the claims seeking to enforce the sale of his interest, he argued that the sale was improper to the extent it was based on the alleged $900,000 shortfall that Taverna accrued between 2005 and 2019  Taverna argued that although there were “informal contributions” in 2005-2020, there were no capital calls that followed the procedures of the Operating Agreement, so the Hiebers could not demand that Taverna catch up. [read post]
16 Aug 2022, 12:15 pm by Kevin LaCroix
  Background Infinity Q Capital Management, LLC is a registered investment advisor. [read post]
15 Aug 2022, 7:53 am by Alan Rosca
Atlanta-based Angel Oak Capital Advisors, LLC and its portfolio manager Ashish Negandhi recently settled securities fraud allegations brought by the Securities and Exchange Commission (SEC) in connection with alleged inaccurate disclosures about mortgage delinquency rates made to investors in AOMT 2018-PB1 notes, according to an Order Instituting Administrative and Cease-and-Desist Proceedings under the review by attorney Alan Rosca. [read post]
15 Aug 2022, 7:53 am by Alan Rosca
Atlanta-based Angel Oak Capital Advisors, LLC and its portfolio manager Ashish Negandhi recently settled securities fraud allegations brought by the Securities and Exchange Commission (SEC) in connection with alleged inaccurate disclosures about mortgage delinquency rates made to investors in AOMT 2018-PB1 notes, according to an Order Instituting Administrative and Cease-and-Desist Proceedings under the review by attorney Alan Rosca. [read post]
15 Aug 2022, 7:53 am by Alan Rosca
Atlanta-based Angel Oak Capital Advisors, LLC and its portfolio manager Ashish Negandhi recently settled securities fraud allegations brought by the Securities and Exchange Commission (SEC) in connection with alleged inaccurate disclosures about mortgage delinquency rates made to investors in AOMT 2018-PB1 notes, according to an Order Instituting Administrative and Cease-and-Desist Proceedings under the review by attorney Alan Rosca. [read post]
15 Aug 2022, 3:48 am by Peter Mahler
The omission arguably takes on even greater weight in view of the capital call provision in the LLC’s original operating agreement, to which the plaintiff is not a signatory, authorizing the managers to make capital calls and allowing contributing members to make up a non-contributing member’s shortfall, thereby triggering adjustment of the members’ percentage ownership interests. [read post]
18 Jul 2022, 2:46 pm by Kevin LaCroix
 The ISS SCAS authors are Jeffrey Lubitz, Managing Director, and Elisa Mendoza, Esq., Associate Director. [read post]
17 Jul 2022, 10:38 pm by Peter Mahler
” The Gindis also argued that the provision’s phrase, “in order to meet expenses and commitments of the Company,” requires the managing member or general partner to demonstrate the existence of a “present need” for capital or to make any other showing before seeking approval for a capital call. [read post]
5 Jul 2022, 9:04 am by Silver Law Group
  James Shelburne   Wells Fargo Clearing Services, LLC   Merrill Lynch, Pierce, Fenner & Smith Incorporated   Jamie Worden   Worden Capital Management LLC   Salomon Whitney LLC Brokers and brokerage firms are obligated to satisfy all FINRA arbitration judgements, without any unreasonable or unwarranted delay. [read post]
5 Jul 2022, 3:28 am by Peter Mahler
The Case of the Vague Virgule Lengyel-Fushimi v Rothfus, 2022 NY Slip Op 30809(U) [Sup Ct Kings County Mar. 10, 2022], a case this blog previously featured here, involves a multi-faceted dispute among the non-managing Class B and Class C members and the Class A managing members of a successful Brooklyn beer brewery and taproom. [read post]
20 Jun 2022, 4:41 am by Peter Mahler
The View From the Trenches I suppose my own views on the subject of LLCs, the direct-derivative distinction and SLCs are heavily influenced by decades of litigation experience handling business divorce cases mostly involving member-managed, owner-operated, and family-owned firms, as opposed to large, capital-intensive, manager-managed LLCs with both active owners and passive investors (the latter type more likely to be a Delaware LLC… [read post]
17 Jun 2022, 6:53 am by Guest Author
Likewise, Justice Breyer’s recent unanimous opinion in AMG Capital Management LLC v. [read post]
16 Jun 2022, 10:04 am by John Elwood
City of Philadelphia, Pennsylvania; a similar question was presented in 303 Creative LLC v. [read post]