The death of a shareholder amidst a deadlock dissolution proceeding turns the case upside down, as explained in a decision last month by Justice Vito M. DeStefano granting the petitioner’s request to discontinue the proceeding. Check it out in this week’s New York Business Divorce.
Continue Reading A Doozy of a Discontinuance in Deadlock Dissolution Case
2016
Court Dissolves LLC Due to Managing Member’s “Self-Dealing and Dishonest Conduct”
By Peter A. Mahler on
Another family-owned business on the rocks takes the spotlight in this week’s New York Business Divorce featuring a recent decision by Justice Christine Sproat granting an LLC dissolution petition. …
Continue Reading Court Dissolves LLC Due to Managing Member’s “Self-Dealing and Dishonest Conduct”
Court Chides Parties in Family Partnership Dispute for “Needless” Litigation with “Obvious Outcome”
By Peter A. Mahler on
“Yet another unfortunate example of a family business dispute that has developed into needless litigation” is how Justice Shirley Kornreich describes a partnership dispute pitting daughter against father and sisters. Get the story in this week’s New York Business Divorce. …
Continue Reading Court Chides Parties in Family Partnership Dispute for “Needless” Litigation with “Obvious Outcome”