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19 Mar 2012, 4:00 am by Peter A. Mahler
HMC-New York, Inc., 2012 NY Slip Op 01514 (1st Dept Feb. 28, 2012), a divided Manhattan appellate panel by 3-2 vote affirmed the summary dismissal of fiduciary breach claims brought by the non-managing member of two Delaware LLCs against the managing members. [read post]
7 Jun 2021, 4:38 am by Franklin C. McRoberts
The Kagan Case In Kagan v HMC-New York, Inc., 94 AD3d 67 [1st Dept 2012], a member of two financial investment firm LLCs sued the managers for breach of the implied covenant of good faith and fair dealing. [read post]