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25 Sep 2018, 8:26 am
This is particularly true where the members are deadlocked on decisions necessary to conduct business. [read post]
12 Jun 2023, 2:27 am
But the true power of the freeze-out merger turns on whether the frozen-out member has the right to challenge the validity of the merger or otherwise seek its rescission. [read post]
9 Oct 2017, 3:29 am
Register for the LLC Institute Before It’s Too Late! [read post]
5 Feb 2023, 5:12 pm
In the case styled: In re: Dissolution of T&S Hardwoods KD, LLC, C.A. [read post]
20 Nov 2017, 2:13 am
Where, as here, the rights were transferred upon the death of a member, there is no one left with governance rights to protect the interest of the assignees and there must be some mechanism for the assignees to protect their financial interest. . . . [read post]
13 Jul 2020, 4:51 am
Kinship ties were an important mechanism for controlling agency costs. [read post]
26 Oct 2020, 3:40 am
The operating agreements do not specify grounds for expulsion or set forth any mechanism or procedure specifically addressing member expulsion. [read post]
26 Oct 2015, 3:26 am
Where parties expressly waive fiduciary duties or provide for a true exit mechanism, the court is far less likely to use equity to interfere with the parties’ bargain. [read post]
2 Feb 2009, 4:00 am
" Note that the same concept holds true for a typical 50-50 LLC whose operating agreement has no tie-breaker mechanism. [read post]
15 Jun 2015, 3:13 am
The true test of an LLC agreement is when times get tough and the members’ interests diverge. [read post]
19 Mar 2020, 10:35 am
The Debtors also filed the declaration of Amy Lee (the “Lee Declaration”) (Doc. 5), a senior director at Alvarez & Marsal North America, LLC (“Alvarez”), the financial advisor to the Debtors. [read post]
14 Jan 2013, 7:37 am
Semcon Tech, LLC v. [read post]
28 Mar 2009, 8:16 am
The EEOC had charged that N-W Ventures, LLC in Las Vegas subjected a class of African American employees to discrimination, including racial harassment and retaliation. [read post]
29 Jan 2018, 2:47 pm
Salus Rehabilitation, LLC, et al, 2018 WL 375720 (1/11/2018, M.D. [read post]
8 Aug 2017, 8:30 am
Contact Mevorah Law Offices LLC today. [read post]
21 Apr 2014, 2:48 am
The plaintiffs’ characterization of the agreement’s terms as commercially unreasonable, even if true, “does not constitute an actionable breach of trust or fiduciary duty” (p. 8). [read post]
26 Jul 2008, 7:59 am
Sometimes these differences involve LLCs, corporations or true partnerships (and here, I'll refer generically to the co-owners as "partners"). [read post]
5 Jun 2015, 8:34 am
Jeffrey Moran was employed as a mechanic at an auto repair shop from summer 2011 to spring 2013. [read post]
19 Oct 2023, 3:27 am
" Great Concepts, LLC v. [read post]
28 Sep 2009, 6:36 am
Corporations and other corporate entities such as LLCs that file Chapter 7 bankruptcy cannot protect any assets because that is a true “liquidation” form of bankruptcy. [read post]
