The New York Court of Appeals sidestepped the issue of LLC promoter liability for pre-formation nondisclosure in its decision last week in Roni LLC v. Arfa. It’s in this week’s New York Business Divorce, which also pays tribute to the late Professor Larry Ribstein.
Continue Reading With a Whimper, Not a Bang: New York’s Top Court Rules on LLC Promoter Liability
December 2011
The Case of the Dueling Dissolution Petitions: Who Can Buy Out Whom?
By Peter A. Mahler on
Dueling corporate dissolution petitions? The petitioner demanding that he be allowed to buy out the respondent? Sounds odd, but that’s what happened in Matter of Carson, decided last week by the Appellate Division, Third Department, and featured in this week’s New York Business Divorce.
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Continue Reading The Case of the Dueling Dissolution Petitions: Who Can Buy Out Whom?
Pizza Wars of the Shareholder Kind
By Peter A. Mahler on
With about 1,300 pizzerias in New York City, it’s inevitable that some of them wind up the subject of involuntary corporate dissolution proceedings, such as the one recently decided by Nassau Commercial Division Justice Ira Warshawsky in Matter of DiMaria involving a petition brought by a minority owner alleging shareholder oppression and majority owners counter-alleging that the petitioner himself engaged in wrongful conduct. Learn more in this week’s New York Business Divorce.
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Continue Reading Pizza Wars of the Shareholder Kind
Appellate Court Reinstates LLC Manager in Dispute with Investor in Vodka Venture
A decision last week by the Appellate Division, First Department, in Lehey v. Goldburt brings to light a bitter dispute between the managing member of a vodka distributor with a gimmicky bottle featuring an LED ticker display, and an investor claiming that his millions in funding have been squandered. Get the story in this week’s New York Business Divorce.
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Continue Reading Appellate Court Reinstates LLC Manager in Dispute with Investor in Vodka Venture