They say revenge is a dish best served cold. In this week’s New York Business Divorce, celebrity chef Gordon Ramsay serves his former business partner a cold dish in the form of a large post-trial judgment in a case seeking dissolution and derivative damages on behalf of two out-of-state entities formed to operate defunct Ramsay restaurant “The Fat Cow.”
Continue Reading Gordon Ramsay’s The Fat Cow: Dishing Up Damages and Dissolution
May 2022
Principles of Fiduciary Deference: The Business Judgment Rule and Exculpatory Clauses
By Franklin C. McRoberts on
Posted in Derivative Actions, Family-Owned Businesses
In this week’s New York Business Divorce, read about the latest chapter in a long-running litigation saga between the son and daughter of artist Peter Max fighting for control of their family-owned corporation.
Continue Reading Principles of Fiduciary Deference: The Business Judgment Rule and Exculpatory Clauses
Equitable Standing in Shareholder Derivative Suit Bows to the Contemporaneous Ownership Rule
By Peter A. Mahler on
Posted in Delaware, Derivative Actions
A plaintiff’s “equitable standing” to bring a shareholder derivative action is hardly a common issue in litigation of the sort, which makes all the more interesting last week’s decision by the Delaware Court of Chancery rejecting a plaintiff’s attempt to bypass the contemporaneous ownership rule. Read more in this week’s New York Business Divorce.
Continue Reading Equitable Standing in Shareholder Derivative Suit Bows to the Contemporaneous Ownership Rule
The Evidenceless Petition to Dissolve
In this week’s New York Business Divorce, learn the tough lesson for the dissolution petitioner who states sufficient grounds to dissolve but fails to prove it with evidence accompanying the petition.
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Corporate Oppression Doctrine Meets Sex Discrimination: A Conversation with Professor Meredith Miller
By Peter A. Mahler on
Posted in Grounds for Dissolution, Podcasts and Video
This week’s post introduces the latest episode of the Business Divorce Roundtable podcast, featuring an interview with Professor Meredith Miller of Touro Law Center discussing her recent law review article entitled Challenging Gender Discrimination in Closely Held Firms: The Hope and Hazard of Corporate Oppression Doctrine. Please give it a listen!
Continue Reading Corporate Oppression Doctrine Meets Sex Discrimination: A Conversation with Professor Meredith Miller