Do New York courts have authority to hear suits for judicial dissolution of New York-based foreign business entities? This week’s New York Business Divorce discusses a recent decision by Justice Anil C. Singh in Holdrum, N.V. v. Edelman, which highlights a split of appellate authority on the issue.
Continue Reading Judicial Muddle Persists Over Power to Dissolve Foreign Entities
Peter A. Mahler
Peter A. Mahler is a litigator focusing on business divorce cases involving dissolution and other disputes among co-owners of closely held business entities, such as limited liability companies, corporations, and partnerships. Peter represents both control and non-control owners, often involving family-owned businesses. Frequently counseling business owners prior to litigation, he advises them of their rights and also assists in designing and negotiating an amicable separation between parties. Peter’s counsel helps avoid litigation by means of a buy-out, sale, or division of business assets.
“But I Did Nothing Wrong!” No Defense to Involuntary Dissociation of LLC Member
A recent New Jersey appellate ruling upheld the expulsion of an LLC member whose conduct, even if not wrongful, almost caused the collapse of the business involving an overseas medical school. Read more in this week’s New York Business Divorce.
Continue Reading “But I Did Nothing Wrong!” No Defense to Involuntary Dissociation of LLC Member
Is Exclusion from LLC Enough for Dissolution?
In contrast to close corporations, the freeze-out of an LLC’s minority member, without more, does not suffice to plead a valid claim for judicial dissolution, according to an appellate ruling earlier this month in Doyle v. Icon, LLC. It’s in this week’s New York Business Divorce.
Continue Reading Is Exclusion from LLC Enough for Dissolution?
Court Decision Boosts Equitable Buy-Out Remedy in LLC Dissolution Case
A decision last month by Justice Carolyn Demarest in Mizrahi v. Cohen adds to the short but growing list of LLC dissolution cases in which courts have ordered equitable buy-outs notwithstanding the absence of enabling provision in the LLC agreement. This week’s New York Business Divorce has this important story.
Continue Reading Court Decision Boosts Equitable Buy-Out Remedy in LLC Dissolution Case
A Judge’s Wise Words on Disputes in Family-Owned Businesses
Continuing its spotlight on disputes in the family-owned business, this week’s New York Business Divorce features insightful remarks on the subject by Justice Alan D. Scheinkman of the Westchester Commercial Division following the settlement of a case I handled before him.
Continue Reading A Judge’s Wise Words on Disputes in Family-Owned Businesses
Interview with Law Professor Benjamin Means on Conflict in Family-Owned Businesses: Part Two
This week’s New York Business Divorce continues with Part Two of my interview with law professor and legal scholar Benjamin Means whose latest article applies legal and social science theories to the special problems afflicting the family owned business.
Continue Reading Interview with Law Professor Benjamin Means on Conflict in Family-Owned Businesses: Part Two
Interview with Law Professor Benjamin Means on Conflict in Family-Owned Businesses: Part One
This week’s New York Business Divorce features Part One of a two-part online interview with law professor Benjamin Means, who has written a number of scholarly articles on shareholder oppression, and whose most recent article, called Non-Market Values in Family Businesses, applies Ben’s critical analysis to the special considerations attendant to oppression actions and conflict resolution within family-owned businesses. You won’t want to miss it! …
Continue Reading Interview with Law Professor Benjamin Means on Conflict in Family-Owned Businesses: Part One
Is Time on Your Side in Dissolution Case?
Time is a factor in every litigation, but especially in dissolution cases where the business dynamic and ongoing management conduct can dramatically affect the course and outcome of the case. This week’s New York Business Divorce offers some thoughts on the issue. …
Continue Reading Is Time on Your Side in Dissolution Case?
Delaware Case Provides Drafting Lesson for “Phantom” Income Provision in Buy-Out Agreement
A recent Delaware Chancery Court decision teaches an important lesson for drafters of buy-out agreements involving pass-through entities and taxes on “phantom” income allocated to a former owner. Learn more in this week’s New York Business Divorce.
Continue Reading Delaware Case Provides Drafting Lesson for “Phantom” Income Provision in Buy-Out Agreement
Some Winter Case Notes
This week’s New York Business Divorce features brief summaries of a handful of noteworthy court decisions that escaped my attention last year, including a pair of decisions involving deadlock and oppressed minority shareholder disputes, and another pair of decisions involving receivership applications.
Continue Reading Some Winter Case Notes