Search for: "New Majority Holdings, LLC"
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19 Mar 2012, 4:00 am
As a result, New York courts have limited guidance when called upon, as they often are, to adjudicate fiduciary breach claims against managers of Delaware LLCs doing business in New York. [read post]
25 Nov 2022, 6:31 am
In P3 Health Group, private equity firm Hudson Vegas Investments SVP LLC, which was the second-largest unitholder of P3 Health Group Holdings, LLC (the “Company”), challenged the Company’s de-SPAC merger. [read post]
25 Nov 2022, 6:31 am
In P3 Health Group, private equity firm Hudson Vegas Investments SVP LLC, which was the second-largest unitholder of P3 Health Group Holdings, LLC (the “Company”), challenged the Company’s de-SPAC merger. [read post]
23 Jan 2023, 3:17 pm
Holding the responsible driver accountable can be especially challenging in a hit-and-run incident. [read post]
24 Mar 2017, 8:57 am
The Delaware General Assembly has a tradition of deferring to the Delaware State Bar Association to suggest changes to and new corporate and LLC laws. [read post]
15 Sep 2008, 12:22 pm
The petitioner, Mary Koutelos, holds approximately 15% membership interest in Mouhlas Realty, LLC which was formed in 2000 as a member-managed LLC. [read post]
12 Nov 2013, 11:49 am
It is possible, for example, for a member that holds 50% of percentage interest in an LLC to be allocated 100% of the LLC’s profits or losses in a given year or to receive preferred returns.Management An LLC may be managed by members or managers. [read post]
20 Mar 2024, 4:44 am
Given the unique concerns addressed by this statute, we hold that such a plenary action lies. [read post]
21 Jun 2011, 12:09 pm
The new owner would have to pay whatever McCourt wants to charge for the right to park cars there. [read post]
6 Apr 2022, 8:33 pm
Source: https://www.wheels.ca/news/the-7-deadly-sins-of-driving-complacencyRead More [read post]
26 Apr 2021, 3:19 am
At least for New York LLCs, a member can be expelled from an LLC only if expressly authorized by the operating agreement. [read post]
19 Oct 2015, 3:27 am
Keste has a fairly standard operating agreement for member-managed LLCs, giving Caporuscio as majority member the controlling vote with a few exceptions requiring unanimous consent such as the admission of a new member. [read post]
17 Sep 2012, 2:00 am
A more recent, major development in the evolution of New York’s DLOM jurisprudence occurred in 2010, when the Brooklyn-based Appellate Division, Second Department, decided the Murphy v. [read post]
28 Mar 2012, 7:18 am
Advanced Display Technologies of Tex, LLC v. [read post]
7 Apr 2014, 3:51 am
Section 420 of New York’s LLC Law authorizes an LLC, “subject to the standards and restrictions, if any, set forth in its operating agreement,” to indemnify and hold harmless, and advance expenses to, any member, manager or other person ”against any and all claims and demands whatsoever. [read post]
15 Aug 2022, 3:48 am
Brooklyn Commercial Division Justice Leon Ruchelsman found that this and other “grammatical irregularities” in the agreement concerning member consent to assignment and the admission of new members “do not govern the plain meaning of the agreement” in this suit brought by a 25% member seeking judicial dissolution of a realty-holding LLC after the majority members threatened dilution unless he contributed an additional $485,000 on top of his… [read post]
28 Jul 2014, 3:28 am
The recognition of LLCs and corporations as distinct forms, at least for dissolution purposes, got off to a rocky start in New York. [read post]
31 Jan 2019, 8:04 am
The Financial Industry Regulatory Authority (FINRA) has oversight over all major brokerage firms operating in the United States (including UBS Financial Services, Credit Suisse, Merrill Lynch and Morgan Stanley), and these firms are required to arbitrate loss claims filed by individual investors. [read post]
6 Apr 2009, 5:00 am
Those actions include selling major LLC assets and dissolving the LLC. [read post]
23 Mar 2020, 12:24 am
One other tidbit for those who don’t read the prior posts: If you’re wondering why the LLC’s three members holding an aggregate 75% membership interest had to seek judicial dissolution as opposed to dissolving voluntarily, the answer lies in the LLC’s operating agreement which required a super-majority in excess of 75%, i.e., unanimity, to dissolve voluntarily. [read post]
