advances

Novel Ruling on Advancement in LLC Dissolution Case “Levels the Playing Field”

By Peter A. Mahler on April 7, 2014

Posted in Advancement and Indemnification, Attorney's Fees, Interim Remedies, LLCs

Justice Stephen Bucaria’s recent decision in PFT Technology LLC v. Wieser is one of only a handful of rulings by New York courts addressing the right to advancement of legal fees in litigation among members of a limited liability company. Learn more in this week’s New York Business Divorce. …
Continue Reading Novel Ruling on Advancement in LLC Dissolution Case “Levels the Playing Field”

Court Recasts Advances as Capital Contributions in Determining LLC Members’ Ownership Percentages

By Peter A. Mahler on September 10, 2012

Posted in Buyout, Family-Owned Businesses, LLCs

This week’s New York Business Divorce revisits the fascinating case of Chiu v. Chiu on the occasion of a post-trial decision by Justice Allan Weiss in this long-running battle between two brothers over the ownership and valuation of a real estate holding company. Don’t miss it!
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Continue Reading Court Recasts Advances as Capital Contributions in Determining LLC Members’ Ownership Percentages