Search for: "Buy Direct, LLC"
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30 Sep 2020, 6:10 am
A recent example was a case that pitted two LLCs against each other, each of whom was in the business of buying, selling, and managing commercial properties, including shopping centers, apartments, office buildings, and others. [read post]
2 Nov 2015, 3:09 am
Oct. 27, 2015], directing the lower court on remand to consider ordering a forced sale of a dissociated LLC member’s interest as a “common law equitable remedy” for “common law breaches of duty” notwithstanding the appellate court’s recognition that neither the applicable dissociation statute nor the LLC’s operating agreement authorized a compulsory sale. [read post]
19 Apr 2021, 4:03 am
So instead, while characterizing the defendant’s actions as oppressive, the plaintiff’s complaint only asserted derivative and direct claims seeking damages and injunctive relief for breach of fiduciary duty and conversion, along with claims demanding access to books and records and for an accounting. [read post]
11 Apr 2012, 5:13 am
Many Sellers use shell entities like LLCs to limit there exposures to risk. [read post]
19 Sep 2016, 3:32 am
Wilford filed suit against Coltea in 2015, asserting direct and derivative claims for breach of fiduciary duty, fraud, and tortious interference. [read post]
10 Dec 2018, 3:08 am
The court also allowed the plaintiff members to proceed on their direct claim for inspection of the LLC’s books and records, finding that section 6.1 of the Operating Agreement “indisputably” supports their r [read post]
13 Nov 2023, 4:07 am
The petitioner alleged that because the LLC had no written operating agreement as required by LLC Law Section 417(a), the entity did not attain LLC status and therefore had to be treated as a partnership. [read post]
22 May 2017, 3:28 am
In the end, VC Laster granted the plaintiff’s motion to expedite and directed counsel to prepare and submit a status quo order. [read post]
22 May 2017, 3:28 am
In the end, VC Laster granted the plaintiff’s motion to expedite and directed counsel to prepare and submit a status quo order. [read post]
14 Aug 2023, 10:38 am
McMillen, LLC submitted a proposal using foreign-source butterfly valves and requested a BAA waiver, which USACE denied. [read post]
24 Oct 2011, 1:52 pm
With AT&T Mobility LLC v. [read post]
31 Jan 2019, 8:04 am
When you buy an option, you are buying the right to buy a stock (or other security) if it reaches a certain price. [read post]
14 Feb 2009, 3:51 am
Lobel's of New York, LLC, 2009 WL 311087 (S.D. [read post]
27 Aug 2018, 3:49 am
Second, citing the Second Department’s endorsement of equitable buy-out in the Mizrahi case, he invites respondents to apply for a buy-out of the petitioners’ interest in Epic. [read post]
5 Sep 2021, 11:29 am
ESG has become such a large component of my law practice that I am now collaborating with a fabulous group attorneys in ESG Legal Solutions, LLC, a new non-law consulting firm. [read post]
26 Aug 2016, 10:40 am
MoneyMutual, LLC, 2016 WL 4446156 (Minn. [read post]
26 Sep 2022, 3:49 am
The petitioner (Davis), a 25% member through his wholly-owned company and one of the LLC’s managers, cited “irreconcilable differences” with the other members and managers who allegedly: inequitably “froze out” Davis as a manager and member; refused to pay Davis for services that the LLC agreement directs him to perform; breached fiduciary duties owed to Davis and the LLC; violated provisions in the LLC agreement including… [read post]
1 Feb 2021, 4:46 am
Days after publishing my piece on Bak, I stumbled across another pending Brooklyn Supreme Court case involving a realty-holding LLC with a similar fact pattern, but with an interesting twist: instead of member #1 buying out member #2, member #1’s son, who helped his father manage the realty but was not himself a member, bought out member #2’s interest and, on the same day the buy-out was completed, the LLC sold the realty to an outside buyer at a much… [read post]
18 Mar 2024, 4:32 am
Delaware LLC law is “explicitly contractarian,” and courts enforce and construe LLC agreements as any other [read post]
9 Dec 2019, 1:05 am
The LLC agreement in Huggins included a “shotgun” style buy-sell provision triggered by a disagreement “on any matter” continuing for 30 days, allowing (but not requiring) either member to deliver a buy-sell notice giving the other member the choice to buy or sell her interest at the price given in the notice. [read post]
