June 2014

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

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.
Continue Reading When Parents Have to Choose: Succession Planning and the Family-Owned Business

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