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5 Jun 2017, 9:19 am by Kimberly Chow and Jason Gordon
An attorney for a cosmetics company engaged in an ongoing legal battle with the Kardashian sisters argued earlier this month that the sisters have “unclean hands” and there should not be a preliminary injunction against the sale of the makeup. [read post]
5 Jun 2017, 9:19 am by Kimberly Chow and Jason Gordon
An attorney for a cosmetics company engaged in an ongoing legal battle with the Kardashian sisters argued earlier this month that the sisters have “unclean hands” and there should not be a preliminary injunction against the sale of the makeup. [read post]
19 Oct 2020, 4:19 am by Franklin C. McRoberts
LLC, 5 AD3d 550 [1st Dept 2009]: the Court announced that members of a limited liability company may seek an equitable accounting under common law Respondents moved to dismiss the petition. [read post]
18 Nov 2019, 3:47 am by Peter Mahler
The default rules diminish the deceased’s membership status to that of a so-called “bare naked assignee” in the hands of an estate representative or the trans [read post]
18 May 2020, 3:50 am by Peter Mahler
LLC member illiquidity, i.e., the inability of a non-controlling member to exit and realize the value of his or her interest, is a root cause of many of the disputes that end up in the hands of business divorce lawyers. [read post]
9 Dec 2019, 1:05 am by Peter Mahler
The denial of the petition in Huggins puts the parties back in the unresolved 60/40 business partnership they had before the lawsuit, albeit with Respondent having the upper hand as majority member no longer under the cloud of possible dissolution. [read post]
4 Dec 2023, 4:58 am by Peter Mahler
., a three-judge panel of the New Jersey Appellate Division handed down an opinion with important lessons for business owners and practitioners in states that have adopted the Revised Uniform LLC Act, such as New Jersey, as well as in states that haven’t, such as New York. [read post]
11 Aug 2014, 3:32 am by Peter Mahler
What about limited liability companies? [read post]
26 Oct 2011, 7:00 am by Wahab & Medenica LLC
On the other hand, the basic profits interest is exactly like its capital interest cousin. [read post]
22 Feb 2016, 8:52 pm by Michael Smith
On the other hand, a rejection of the contract is treated as a total breach of the contract by the debtor, and the other party or parties may assert a claim for damages in the bankruptcy. [read post]
25 Jan 2010, 3:00 am by Peter A. Mahler
  He is not only the co-author of Drafting Delaware LLC Agreements but also is the sole author of Drafting Limited Liability Company Operating Agreements, the leading U.S. general  (i.e., non-state specific) LLC formbook and practice manual. [read post]
July 31, 2020)Disputes over control of a Delaware limited liability company can turn on rigorous fact-finding efforts by the Court of Chancery where issues of witness credibility may be paramount. [read post]
6 Apr 2020, 5:35 am by Kate Sedey
  The post Businesses Step Up: Companies Doing Good During COVID appeared first on Case + Sedey, LLC. [read post]
23 Mar 2020, 12:24 am by Peter Mahler
” In arriving at his $5 million valuation, Justice Bucaria took into account, on the one hand, that “the risk factor is relatively slight” because “despite its limited customer base, business seems likely to continue” and, on the other hand, “the decreased profitability of the company after dissension ensued and Wieser left the business. [read post]
13 Jul 2010, 9:00 am by Lucas A. Ferrara, Esq.
Marshals on July 8, 2010, seized $230,000 worth of hand sanitizing gel made by Puerto Rico Beverage Inc. of Maunabo and distributed by Lord Pharmaceutical, LLC, doing business as Bee International Distributors. [read post]
27 Feb 2023, 4:34 am by Peter J. Sluka
  On the one hand, the deceased member had the common-law right under Tzolis v Wolff to sue derivatively for injury to the LLC and the statutory right under Section 702 of the LLC law to petition for dissolution of the LLC. [read post]