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21 Oct 2019, 12:14 am
District Court, the case involved a suit to dissolve a two-member LLC brought by its China-based majority member which argued that the LLC should be considered a nominal party whose citizenship should be ignored in evaluating diversity. [read post]
9 Jun 2022, 3:03 am
Each type has pros and cons for holding LLC assets. [read post]
5 Dec 2016, 3:20 am
” In opposition, the majority member pointed to the LLC’s profitability and defended his actions as proper under the LLC Law, including his adoption of the operating agreement. [read post]
16 Apr 2018, 3:46 am
The Pappas Case In Pappas, The 38-40 LLC (the “LLC”), owned three real properties in Long Island City, New York. [read post]
1 Aug 2016, 3:23 am
consented to “any” transfer of [LLC] interests by [the assignors], who together hold a 10% interest. [read post]
18 Mar 2024, 4:32 am
Instead of investing directly in Remark, Tao proposed that Behler invest in a Delaware LLC called Digipac which Tao as sole member formed to hold shares in Remark. [read post]
22 Mar 2023, 6:05 am
The post Appellate Division Holds Plaintiffs Can State a Claim Under New Jersey’s CFA and TCCWNA Statutes Where an Advertised Discount Is Alleged to Be Illusory appeared first on Gibbons Law Alert. [read post]
22 Mar 2023, 6:05 am
The post Appellate Division Holds Plaintiffs Can State a Claim Under New Jersey’s CFA and TCCWNA Statutes Where an Advertised Discount Is Alleged to Be Illusory appeared first on Gibbons Law Alert. [read post]
22 Mar 2023, 6:05 am
The post Appellate Division Holds Plaintiffs Can State a Claim Under New Jersey’s CFA and TCCWNA Statutes Where an Advertised Discount Is Alleged to Be Illusory appeared first on Gibbons Law Alert. [read post]
19 Nov 2018, 3:46 am
It makes a difference because, under New York statutory and case law, absent provision in an operating agreement to the contrary, an assignee, non-member holder of an economic interest in an LLC has no standing to assert any of those rights or to obtain any of those remedies. [read post]
10 Apr 2023, 2:56 am
Shareholder Voting Agreements Rooted in the same contract principles expressed in Ringling Bros., New York’s law generally holds that shareholder voting agreements are contracts capable of judicial enforcement via both damages and specific performance, with several imitations: Shareholder voting agreements must be in writing. [read post]
27 Sep 2008, 5:55 pm
The equity stake was purchased as part of Alexander Gallo Holdings' acquisition of The Hobart West Group, a major industry peer, in a transaction substantially funded by Accel-KKR. [read post]
2 May 2016, 3:09 am
Mickenberg Now we come to the cases with no operating agreements, both involving New York LLCs. [read post]
11 May 2020, 3:19 am
Selling the Company has, in fact, been a major focus for the last few years. [read post]
14 Feb 2008, 2:02 pm
Without such rights, members holding minority interests in LLCs had little recourse against majority abuses that caused direct injury only to the LLC (e.g., taking excessive compensation or other forms of self dealing). [read post]
18 Jan 2021, 2:11 am
First, it dismissed Farro’s claim that the merger effectuated by written consent of the majority members in lieu of a meeting on 20-days notice to all members, was invalid under LLC Law § 1002 (c). [read post]
3 Feb 2020, 3:53 am
The case of Shapiro v Ettenson ranks as one of the more consequential ones in the realm of New York’s LLC jurisprudence. [read post]
29 Apr 2024, 10:00 pm
You represent a debtor that holds a minority interest in an LLC. [read post]
8 Sep 2015, 3:28 am
It provided that any action requiring manager approval shall be approved by a majority of the managers, and likewise that any action requiring member approval shall be approved by those holding a majority of the membership interests. [read post]
22 Apr 2024, 1:35 am
S corps must create a board of directors, draft corporate bylaws, hold shareholder meetings, record meeting minutes, and also administer payroll, among other tasks. [read post]
