Search for: "In Re Salamone" Results 21 - 28 of 28
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19 Oct 2020, 4:19 am by Franklin C. McRoberts
Five years ago, we wrote about an important decision from the Delaware Chancery Court, In re Carlisle Etcetera, LLC, 114 A3d 592 [2015], in which a court recognized for the first time the existence under Delaware law of a viable cause of action for “equitable dissolution” of an LLC based upon the court’s equity powers, notwithstanding the existence of a statute explicitly setting forth the grounds for judicial dissolution. [read post]
23 Oct 2023, 4:44 am by Peter Mahler
In 2004 in Lyons v Salamone, the Appellate Division, First Department ordered a closed auction sale with the two members bidding for each other’s membership interest as an “equitable method of liquidation. [read post]
13 Nov 2023, 4:07 am by Peter Mahler
Then there are non-RULLCA states such as Delaware that regularly re-visit and update their business entity laws, while our New York legislators seemingly pay no attention. [read post]