The Appellate Division’s landmark ruling in the 1545 Ocean Avenue case sharply demarcated the different statutes and different grounds available for judicial dissolution of LLCs and closely held corporations. So why, in a recent trial court decision, did the court grant judicial dissolution of an LLC under both the LLC Law and the Business Corporation Law? This week’s New York Business Divorce explains.
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July 2014
Court Resolves Trio of Issues in Battling Brothers’ Buy-Out
By Peter A. Mahler on
Two brothers battle it out in a series of disputes over the exercise of a realty partnership buy-out option, resulting in a trio of court decisions by Justice Stephen Bucaria in Abatemarco v Abatemarco, highlighted in this week’s New York Business Divorce.
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Stockholder Fired, Forced to Sell Shares After Felony Conviction
By Peter A. Mahler on
An unusual set of facts, involving the termination of a shareholder’s employment following his criminal conviction, set the stage for last week’s appellate ruling requiring the redemption of his shares notwithstanding the company’s noncompliance with certain time limitations governing the exercise of its purchase option. Get the full story in this week’s New York Business Divorce. …
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Special Rules Govern Service in Corporate Dissolution Proceedings
By Peter A. Mahler on
Posted in Dissolution Procedure
This week’s New York Business Divorce highlights a recent, important ruling by an appellate court concerning the requirements for service of the petition in corporate dissolution proceedings. …
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