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22 May 2023, 4:07 am
In the LLC context, the Second Department is the vanguard of the now well-worn principle that “in certain circumstances, a buyout may be an appropriate equitable remedy upon the dissolution of an LLC” (Mizrahi v Cohen, 104 AD3d 917, 920 [2d Dept 2013]). [read post]
1 Jul 2008, 11:10 pm
Second, whether members and managers of a company could personally be liable under the Limited Liability Company Act if they did not properly wind up the dissolution of the LLC.The Court of Appeals held that the 2006 amendment, which provided a three-year survival period to initiate actions against a member of a dissolved LLC, applies retroactively and against a dissolved LLC after it has cancelled itself. [read post]
18 Sep 2019, 8:28 am
The Winding Path Through the Courts Obtaining a successful resolution in the In Re Midland Funding LLC Interest Rate Litigation required years of tenacious and dogged effort, as well as the persistence to withstand setbacks along the way. [read post]
8 Dec 2008, 12:00 pm
Under the operating agreement, the sale of the property was defined as an event triggering the LLC's dissolution and winding up. [read post]
11 Apr 2023, 8:52 am
In a 72-page published opinion filed March 30, 2023, the First District Court of Appeal (Div. 4) affirmed in full the trial court’s judgment, which upheld the EIR for the Oakland Waterfront Ballpark District Project (project) with the sole exception of its wind mitigation measure. [read post]
22 Jan 2015, 9:00 pm
Pisgah Mountain, LLC, property owners, petitioned for judicial review of decision of town Zoning Board of Appeals (ZBA) which denied their appeal from Planning Board’s decision to approve their application for a permit to construct and operate five-turbine wind energy project. [read post]
26 Jul 2010, 1:01 pm
APS Reaches Agreement for Arizona’s Largest Wind Project | Green Energy NewsArizona Public Service (APS) has entered into a long-term power purchase agreement with Perrin Ranch Wind LLC, a subsidiary of NextEra Energy Resources, for 100 percent of the energy output from a wind farm located 13 miles north of Williams in Coconino County, Arizona. [read post]
29 May 2023, 8:48 pm
” Until then, I’ll have to satisfy myself with writing about an LLC, partnership, and close corporation that walk into a blog, offering the following, short treatments of three recent decisions of interest by New York courts: The first, involving an LLC, features a dispute arising from a somewhat unusual right of first refusal provision in an LLC operating agreement that authorizes an intra-member buyout of membership interests triggered by the receipt of an… [read post]
9 Dec 2011, 5:45 pm
IEC (Montgomery), LLC, No. 10-3871 (7th Cir. [read post]
31 Oct 2011, 3:00 am
Sealy subsequently amended his complaint seeking judicial dissolution and winding up of the LLC. [read post]
8 Jan 2013, 1:17 pm
The Appeals Court explains that NextEra Energy Seabrook, LLC, operates the Seabrook, New Hampshire, Unit 1 nuclear power plant, which provides a significant portion of the baseload electric power used in New England. [read post]
28 Aug 2017, 7:31 am
Second, the law regarding LLCs is constantly evolving as more and more disputes between and among members wind their way through the courts. [read post]
28 Aug 2017, 7:31 am
Second, the law regarding LLCs is constantly evolving as more and more disputes between and among members wind their way through the courts. [read post]
4 Oct 2010, 10:48 am
The second argument was based on the fact that the LLC Agreement required the consent of both managers for any decisions, but that Hill had unilaterally given himself decisionmaking authority over a strategy that Vila strongly opposed. [read post]
27 Oct 2015, 3:52 pm
Sea Winds, LLC, 2015 NCBC 94. [read post]
21 Jan 2020, 11:35 am
People tend to focus on the second element and ignore the other two. [read post]
11 Sep 2009, 11:55 am
Those LLCs formed after July 31, 1996 were governed by the current version of Section 18-603 which “prohibits members from resigning prior to the dissolution and winding up of the company unless such resignation is allowed by the LLC Agreement. [read post]
1 Apr 2024, 8:17 am
”The guy subsequently gets wind of this email, and has his lawyers at Loeb & Loeb write a nastygram back that says: "Aviron has no legal connection to Clarius Capital Group, LLC whatsoever. [read post]
18 Sep 2023, 4:34 am
Second, under a bedrock rule of partnership law, “any partner may repudiate the [partnership] at any time . . . . [read post]
9 Jul 2013, 7:37 am
(AGNC), the second biggest, each plunged more than 5 percent. [read post]
