Can or should a court dissolve a limited liability company on the ground it is unprofitable? See what you think after reading this week’s New York Business Divorce.
Continue Reading Judicial Dissolution of the Unprofitable LLC
April 2008
50% Shareholder May Not Sue Other 50% Shareholder in Company’s Name
By Peter A. Mahler on
Does one 50% shareholder’s greater capital contributions give him the authority to sue the other 50% shareholder in the company’s name? Get the answer in this week’s New York Business Divorce.
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Continue Reading 50% Shareholder May Not Sue Other 50% Shareholder in Company’s Name
Appellate Court Enforces Stock Buyback Triggered by Dissolution Petition
By Peter A. Mahler on
Danger lurks for the dissolution petitioner and attorney who beforehand don’t thoroughly analyze whether the mere filing of a petition may trigger rights of first refusal in the shareholders’ agreement. This week’s New York Business Divorce highlights a recent appellate decision where the unwary petitioner fell into the self-made trap.
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Continue Reading Appellate Court Enforces Stock Buyback Triggered by Dissolution Petition
High Court Restricts Remedies of Limited Partner Alleging Fraud by General Partner in Merger Transaction
By Peter A. Mahler on
Posted in Partnerships
The verdict is in: Limited partners may not assert claims seeking damages or rescission for fraud or illegal acts by the general partner relating to a merger transaction, and may only look to their statutory appraisal rights for relief. Read about it in this week’s New York Business Divorce.
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Continue Reading High Court Restricts Remedies of Limited Partner Alleging Fraud by General Partner in Merger Transaction