Search for: "CONTROL SOLUTIONS LLC, a Delaware Corporation"
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28 Jan 2021, 6:09 pm
Two other footnotes contain important observations of Delaware law that are especially worth remembering: (1) The management of an LLC is vested in proportion to the then-current percentage or other interest of members in the profits of the LLC owned by all the members, and “the decision of members owning more than 50% of the said percentage or other interest in the profits [is] controlling. [read post]
24 Sep 2021, 9:48 am
Most entrepreneurs prefer LLCs to corporations for pass through taxation, flexible management and control, and for the ability to modify fiduciary duties. [read post]
16 Mar 2021, 6:20 am
Presidio, Inc., a shareholder of Presidio filed suit against Presidio’s CEO, its board of directors, Apollo Global Management LLC (Presidio’s controlling shareholder, owning approximately 42% of its outstanding common stock), LionTree Advisors, LLC (financial advisor to both Presidio and Apollo), and the acquiror, BCP. [read post]
5 Oct 2023, 7:15 am
S ymonds & O’Toole on Delaware Limited Liability Companies —referred to in a Delaware Court of Chancery decision as “the leading Delaware LLC treatise”—offers workable solutions for even the most complex transactions and practical insight into case law interpreting the statute, to help practitioners provide the best possible representation and advice to clients looking to make the most of their Delaware… [read post]
26 Dec 2013, 1:27 pm
[Page 1:] The plaintiffs, Great Hill Equity Partners IV, LP, Great Hill Investors LLC, Fremont Holdco, Inc., and Bluesnap, Inc. [read post]
20 Jun 2022, 4:41 am
” His solution? [read post]
1 Dec 2009, 9:45 am
(patent infringement) 11/25: Eleven Engineering Inc. and Eleven Engineering Game Control LLC v. [read post]
5 Jun 2019, 3:19 pm
Section 259 of the Delaware General Corporation Law provides in pertinent part that “all property, rights, privileges, powers and franchises, and all and every other interest shall be thereafter as effectually the property of the surviving or resulting corporation. [read post]
27 Jul 2020, 4:17 am
The solution offered is to quit (“dissociate” from) the LLC even though it might violate the operating agreement. [read post]
13 Nov 2023, 4:07 am
In Matter of Spires v Lighthouse Solutions, LLC, 4 Misc.3d 428, 778 N.Y.S.2d 259 (Sup. [read post]
19 Jan 2023, 11:03 am
In Kodiak Building Partners, LLC v Adams, the Delaware Chancery Court ruled that a non-compete contained in the parties’ sale of business agreement was overbroad. [read post]
12 Nov 2008, 6:46 am
The minority owner argued that New Jersey law should control, and apparently asserted a statutory oppression claim under New Jersey corporate law. [read post]
23 Jan 2023, 3:44 pm
In Kodiak Building Partners, LLC v Adams, C.A. [read post]
3 May 2012, 2:45 pm
District Court for the District of Delaware involving Hulu LLC. [read post]
25 Aug 2017, 6:04 am
Fee, Cadwalader, Wickersham & Taft LLP, on Thursday, August 24, 2017 Tags: Business judgment rule, Class actions, Conflicts of interest, Controlling shareholders, Delaware cases, Delaware law, Fairness review, Merger litigation, Mergers & acquisitions, Minority shareholders Board Oversight of Long-Term Value Creation and Preservation Posted by Tim Leech, Risk Oversight Solutions Inc.,… [read post]
24 Aug 2021, 1:16 pm
In Florida Chemical Company, LLC v. [read post]
8 Mar 2009, 8:17 am
That seems unlikely, since the Delaware corporate and LLC statutes clearly differ. [read post]
31 Oct 2023, 9:05 pm
Relatively few states today authorize such divisive mergers,” but one of them is Delaware.[7] Because the majority of large U.S. corporations are incorporated in Delaware, corporations could presumably use its similar procedure. [read post]
7 Apr 2014, 3:51 am
As those two cases illustrate, sometimes it’s the non-controlling member trying to use advancement to shift his or her defense costs indirectly to the controlling members, and sometimes it’s the other way around. [read post]
8 Feb 2021, 10:44 am
About doeLEGAL doeLEGAL is an enterprise-level provider of legal operations tools and elevated support that gives corporate legal departments and law firms anytime, anywhere control over cases and costs to inform decision-making and drive more successful outcomes. [read post]
