This 6th annual edition of Summer Shorts presents brief commentary on three decisions of interest in business divorce cases, including a dispute among LLP partners over the reduction of one partner’s interest; disqualification of counsel in an LLC dissolution case; and a Delaware books-and-records case involving phantom stock.
Continue Reading Summer Shorts: Partnership Interest Reduction and Other Recent Decisions of Interest
August 2016
Tom Rutledge Takes on LLC Member Expulsion
By Peter A. Mahler on
This week’s New York Business Divorce serves up a provocative article by, and an informative podcast interview with, Kentucky lawyer Tom Rutledge, a leading expert on closely held business entities, on the hot-button topic of LLC member expulsion.
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Good Faith Trumps Sole Discretion in LLC Agreement’s Repurchase Provision
By Peter A. Mahler on
Manhattan Commercial Division Justice Anil Singh’s recent decision in Saleeby v Remco Maintenance teaches some valuable lessons about how not to draft stock or membership interest redemption provisions in executive employment agreements. It’s in this week’s New York Business Divorce. …
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New Jersey Supreme Court Raises the Bar for Judicial Expulsion of LLC Members
By Peter A. Mahler on
The New Jersey Supreme Court last week issued an important decision tightening the criteria for judicial expulsion of an LLC member. Get the story in this week’s New York Business Divorce. …
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Operating Agreement’s Two-Step Consent Provision Foils Assignment of LLC Member Interest
By Peter A. Mahler on
Justice Saliann Scarpulla’s recent decision in MFB Realty LLC v Eichner highlights statutory and contractual restrictions surrounding the scope of the rights transferred when LLC interests are assigned. Learn more in this week’s New York Business Divorce.
Continue Reading Operating Agreement’s Two-Step Consent Provision Foils Assignment of LLC Member Interest