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24 Feb 2014, 3:34 am by Peter Mahler
As the court in the above-cited Schramm case explained, [S]ection 1114 of the Business Corporation Law does not mandate that the consent judgment be declared void. [read post]
19 Nov 2012, 2:00 am by Peter Mahler
Justice Demarest also cites Matter of Schramm, 107 Misc 2d 393 (Sup Ct NY County 1980), where the court held that the judicial authority to supervise dissolution proceedings under BCL Article 11 includes “power pendente lite to preserve the corporate estate” and that “logic and the public interest in judicial economy dictate that interrelated issues” regarding the dissolution “be adjudicated by the same court so as to expeditiously produce a just and coherent result.”… [read post]