Justice Carolyn Demarest issued a noteworthy decision this month in Camuso v. Brooklyn Portfolio LLC, in which she resolved a three-way dispute over the transfer of a general and limited partnership interest as part of a divorce settlement. Get the full story in this week’s New York Business Divorce.
Continue Reading Divorce Settlement, Tax Returns Trump Partnership Agreement’s Transfer Restrictions
June 2014
ACR-GNY Panel on Conflict in Family-Owned Businesses
This week’s New York Business Divorce highlights a panel discussion last week on conflict in family-owned businesses, held at the annual conference of the Association for Conflict Resolution, Greater New York Chapter. …
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When Parents Have to Choose: Succession Planning and the Family-Owned Business
A must-read decision last week by Justice Elizabeth Emerson in Federico v Brancato highlights the unique attributes and challenges of resolving conflicts within family-owned businesses. You won’t want to miss it in this week’s New York Business Divorce.
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Court Upholds Former Officer’s Right to Seek Indemnity and Advancement in Intra-Company Dispute
This week’s New York Business Divorce features an important decision last month by Justice Vito DeStefano in which he upheld a claim for advancement of legal fees incurred by a close corporation minority shareholder, director and former officer, who initiated suit against the controlling shareholder, in defending counterclaims asserted in the name and right of the company. …
Continue Reading Court Upholds Former Officer’s Right to Seek Indemnity and Advancement in Intra-Company Dispute
Pappas v. Tzolis: A Revealing Epilogue
Pappas v. Schatz, recently decided by Justice Melvin Schweitzer, is a postscript to the more famous Pappas v. Tzolis case decided by New York’s highest court in late 2012 concerning a disputed buy-out of LLC membership interests. Get the story in this week’s New York Business Divorce. …
Continue Reading Pappas v. Tzolis: A Revealing Epilogue