In her ruling Justice Masley also found misplaced defendants’ reliance on a 2021 opinion by Commercial Division Justice Jennifer Schecter in Santelli v Spitzer, writing, Santelli held that alleged distributions to an LLC member were not wrongful because the agreement in question “provided that ‘the parties will distribute income to each of the owners of the LLCs on a 50%/50% basis in accordance with their ownership interests in the LLC. [read post]