A recent decision by the Brooklyn Surrogate’s Court in a fight over LLC assets highlights the interplay between the statute of limitations and the grounds for LLC dissolution as defined in last year’s appellate ruling in the 1545 Ocean Avenue case. The Surrogate’s Court case, Sealy v. Alston, is featured in this week’s New York Business Divorce.
Continue Reading Statute of Limitations Issue Highlights Distinction Between Bases for Judicial Dissolution of LLCs Versus Other Business Forms
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Surrogate’s Court Declines to Order Demise of Fashion Business
By Franklin C. McRoberts on
In a rare dissolution decision from the New York Surrogate’s Court – a court for the affairs of the deceased – the court declines to kill off a clothing business based upon a claim of oppression brought by the estate of the former minority shareholder. Read about it in this week’s New York Business Divorce.
Continue Reading Surrogate’s Court Declines to Order Demise of Fashion Business