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10 Apr 2017, 10:23 am
In Florida, a court may dissolve an LLC in a proceeding brought by a member or manager if the following is established: (1) the managers or members of the LLC are deadlocked in the management of the LLC’s activities and affairs; (2) the members are unable to break the deadlock, and irreparable injury to the LLC is threatened or being suffered. [read post]
13 Jul 2011, 6:36 pm
Here are how I believe each real estate asset type would be classified: Direct Real Estate Ownership. [read post]
31 Jul 2007, 7:25 am
Mortgage insurer MGIC Investment Corp is looking at a huge write-off of a $1.03 billion investment in Credit-Based Asset Servicing and Securitization LLC (C-BASS). [read post]
4 Feb 2023, 6:30 am
In our view, asset managers who leverage their relationships with issuers are best positioned to manage these ESG risks and take advantage of ESG opportunities. [read post]
4 Feb 2023, 6:30 am
In our view, asset managers who leverage their relationships with issuers are best positioned to manage these ESG risks and take advantage of ESG opportunities. [read post]
4 Feb 2019, 3:18 am
The Report describes the LLC’s sole asset as a five-story mixed use building in lower Manhattan in which the petitioner, who purchased his 50% interest in 2013 from a previous owner for $1.8 million, and the elderly husband (94 years old) and wife (81 years old) respondents, who together owned a 50% interest since the LLC’s formation some years before, each maintained a full-floor residence. [read post]
18 Dec 2009, 6:15 am
The operating agreement governs the operation and management systems for the LLC, and can direct the manner in which profits are to be divided. [read post]
19 May 2014, 3:09 am
The parent company must now prepare for a painful unwinding and liquidation at the direction of a court-appointed receiver. [read post]
3 Apr 2017, 3:32 am
He also names Generic LLC as defendant, either on a direct claim for monies owed him by the LLC and/or because he’s asserting derivative claims on its behalf. [read post]
2 May 2016, 3:09 am
” The Mickenberg decision is reminiscent of the Natanel case in which the court conducted a trial to determine the intended purpose of a single-asset realty LLC which had no written operating agreement. [read post]
28 Sep 2023, 12:16 pm
The Securities and Exchange Commission (SEC) has taken significant action against Bruderman Asset Management, now known as Gary Goldberg Planning Services, LLC (BAM), and its founder, Matthew J. [read post]
8 Mar 2013, 7:02 pm
Plaintiffs said that the statute placed a duty on the managers of the LLC "to carry on the firm's unfinished business in order to realize fair market value for its assets." [read post]
21 Feb 2017, 11:25 am
She has founded Walden Capital Management (1994), as well as a non-profit, Direct Action for Women Now (DAWN) Worldwide. [read post]
19 Oct 2020, 4:19 am
Two months after her appointment, Pachter sued the other 50% members of the LLCs alleging in her petition a scheme of “embezzlement, self-dealing, forgery, perjury, fraud, extortion, and spoliation of records,” asserting that they “misappropriated over $6 million of the Companies’ assets. [read post]
25 Aug 2014, 3:31 am
Section 7 (a) of the operating agreement vested management of the LLC “in its Members acting as Managers” and provided that all decisions require “the unanimous consent of the Managers. [read post]
17 Apr 2023, 4:01 am
Husband owns 99% membership of manager-managed LLC. [read post]
9 Dec 2019, 1:05 am
The petition also included a series of direct and derivative claims seeking damages for breach of fiduciary duty and other alleged business torts. [read post]
16 Sep 2013, 7:42 am
For directions to our office, call (404) 239-3932. [read post]
11 Dec 2017, 3:28 am
That changed around 2012, when Jacobs filed the first of two lawsuits asserting what he styled as direct and derivative claims against Cartalemi seeking damages for breach of fiduciary duty, waste and mismanagement of the LLC’s assets, including taking excessive management fees and personal use of the LLC’s building without paying rent. [read post]
7 Nov 2010, 5:46 am
CML also alleged that while JetDirect was insolvent, some of the board of managers liquidated some assets by transferring them to entities controlled by certain board members at unfair prices. [read post]
