Search for: "Argus Capital Management LLC"
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28 Jun 2021, 3:10 am
Managing members of manager-managed New York LLCs owe default fiduciary duties of loyalty and care to non-managing members. [read post]
24 Jan 2022, 2:46 am
This, argued McCormack, was the critical distinction. [read post]
15 Nov 2010, 3:00 am
("Eldan") and 20% by defendant Ocelot Capital Management, LLC ("OCM"). [read post]
4 May 2020, 12:16 am
The LLC being manager-managed, as one would expect it included the following provision granting the managing member plenary powers: The Managing Member shall have sole and exclusive control of the management of the LLC and shall manage the LLC exclusively in its capacity as a Member. [read post]
7 Jun 2022, 7:47 pm
According to news reports, the Securities and Exchange Commission (SEC) will seek to place GPB Capital Holdings LLC into receivership to return money to “defrauded investors. [read post]
13 Oct 2019, 11:14 pm
” That is the provision Meregalli implicitly relied upon in arguing that his capital contribution was not limited to cash. [read post]
25 Oct 2010, 4:00 am
In Cooperstown Capital, LLC v. [read post]
24 Sep 2018, 2:31 am
As family tensions ratcheted up, allegedly in “retaliation” for a books-and-records inspection demand made by Patrick, his siblings amended the LLCs’ 2-page, mirror-image operating agreements to remove Patrick as a managing member and by adding a provision authorizing the siblings as the remaining managing members to make a mandatory capital call at their sole discretion, and if the demand is not met, foreclosing the membership interest… [read post]
6 Jun 2012, 7:53 am
See Royal Capital Development LLC v. [read post]
20 Aug 2018, 10:14 am
The decision involved a venture capital hedge fund, Domain Associates, LLC. [read post]
23 Apr 2018, 3:41 am
One could argue, under the banner of freedom-of-contract, that the common-law roots of the LLC derivative action in New York should not preclude members of an LLC effectively from agreeing to waive the right to bring a derivative action. [read post]
4 Feb 2024, 3:17 pm
In that case the non-managing members of an LLC formed to operate a restaurant filed suit against the managing member. [read post]
27 Jul 2020, 4:17 am
Member claims to dissociate and argues (at minimum) no guarantee for any subsequent draws on the line of credit. [read post]
7 Oct 2021, 11:52 am
David Gentile, the disgraced founder of GPB Capital Holdings LLC, who is facing criminal and civil fraud charges, is seeking to obtain millions of dollars from GPB. [read post]
5 Jun 2017, 9:19 am
Following a 2016 suit by Kim, Khloe, and Kourtney Kardashian against Hillair Capital Management LLC for alleged trademark infringement and failure to pay royalties on Kardashian Beauty product sales, the company’s subsidiary, Haven Beauty, sued the sisters for breach of contract, including failure to promote the Kardashian Beauty line. [read post]
5 Jun 2017, 9:19 am
Following a 2016 suit by Kim, Khloe, and Kourtney Kardashian against Hillair Capital Management LLC for alleged trademark infringement and failure to pay royalties on Kardashian Beauty product sales, the company’s subsidiary, Haven Beauty, sued the sisters for breach of contract, including failure to promote the Kardashian Beauty line. [read post]
30 Jan 2017, 3:34 am
Here’s what it wrote: Plaintiff argues that [the] LLC’s operating agreement is invalid because its adoption was not unanimous. [read post]
30 Apr 2012, 3:00 am
The defendants' counsel submitted a letter citing a Delaware Chancery Court decision, R&R Capital, LLC v. [read post]
10 Mar 2014, 3:24 am
Section 409 of New York’s LLC Law provides that an LLC manager (which also includes a member-manager) “shall perform his or her duties as a manager . . . [read post]
14 Jun 2021, 4:32 am
He also owned a property management company. [read post]