This 6th annual edition of Summer Shorts presents brief commentary on three decisions of interest in business divorce cases, including a dispute among LLP partners over the reduction of one partner’s interest; disqualification of counsel in an LLC dissolution case; and a Delaware books-and-records case involving phantom stock.
Continue Reading Summer Shorts: Partnership Interest Reduction and Other Recent Decisions of Interest
Limited Liability Partnerships
How to Avoid Bad Blood Over Goodwill in Professional Partnership Valuations
By Peter A. Mahler on
A recent decision by Justice Richard Platkin concerning a dispute over the inclusion of goodwill value in a partnership valuation case takes the spotlight in this week’s New York Business Divorce. …
Continue Reading How to Avoid Bad Blood Over Goodwill in Professional Partnership Valuations
Court in Law Firm Dissolution Suit Must Decide, Was Partnership a “Sham”?
By Peter A. Mahler on
A Manhattan appellate panel recently ordered a trial in a suit between the estate of a deceased law firm partner and the surviving partner over whether the latter’s post-death admission of a new partner was part of an alleged “sham” transaction designed to defeat the estate’s entitlement to receive half the firm’s assets upon dissolution and liquidation. You won’t want to miss it in this week’s New York Business Divorce.
Continue Reading Court in Law Firm Dissolution Suit Must Decide, Was Partnership a “Sham”?
Lawyers Suing Lawyers
By Peter A. Mahler on
A decision last week by New York’s highest court may have registered an uptick on the public’s schadenfreude meter, at least among the portion of the public who hold the legal profession in low esteem and who therefore might enjoy the sight of internecine warfare among splitting partners of a law firm.
In Ederer v. …