The verdict is in: Limited partners may not assert claims seeking damages or rescission for fraud or illegal acts by the general partner relating to a merger transaction, and may only look to their statutory appraisal rights for relief. Read about it in this week’s New York Business Divorce.
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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.
Court Upholds Authority of 50% Shareholder/President to Sign Lease Without Co-Owner’s Approval
A fascinating opinion by Justice Kenneth Fisher is the focus of this week’s posting about a classic corporate governance dispute between 50/50 shareholders who also happen to be brothers, when one of them signs a company lease over the other’s objection.
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Anatomy of a Dissolution Slugfest: Part V
Read the last in a series of postings about a high-stakes dissolution donnybrook involving a luxury car dealership.
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Anatomy of a Dissolution Slugfest: Part IV
Read Part IV of a series of postings about a high-stakes dissolution donnybrook involving a luxury car dealership.
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Anatomy of a Dissolution Slugfest: Part III
Read Part III of a series of postings about a high-stakes dissolution donnybrook involving a luxury car dealership.
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Roundup of 2007 Business Divorce Cases
Here’s a preview of (and link to) Peter Mahler’s recently published article in the New York Law Journal highlighting the most interesting business divorce cases decided by New York courts in 2007.
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Anatomy of a Dissolution Slugfest: Part II
Read Part II of a five-part series about a high-stakes dissolution donnybrook involving a luxury car dealership.
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Anatomy of a Dissolution Slugfest: Part I
Read the initial installment of a series of postings about a high-stakes dissolution donnybrook involving a luxury car dealership.
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LLC Members May Bring Derivative Suits
Read about a decision issued today by New York’s highest court, upholding the right of LLC members to bring derivative lawsuits on behalf of LLCs.
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One Case, Three Great Issues
Read about an action-packed corporate dissolution case addressing several hot-topic issues including arbitration, foreign corporations and mandatory buybacks.
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