Bankruptcy Sale of Third Member’s Interest Leaves Remaining Two Members’ Ownership Percentages in Limbo  A decision last month by the Brooklyn-based Appellate Division, Second Department, in Ghatani v AGH Realty, LLC, involved an appeal from the trial court’s judgment declaring that Member #1 and Member #2 held 58% and 42% interests, respectively, in an LLC formed out of a joint venture to acquire and develop two vacant… [read post]