attorney's fees

Fee Sharing in LLC Derivative Suits: A Common Law Right and a One Way Street

By Peter J. Sluka on December 7, 2020

Posted in Attorney's Fees, Derivative Actions, LLCs

In the wild west of LLC derivative lawsuits, the First Department’s recent decision in Bd. of Managers of 28 Cliff St. Condominium v Maguire, 2020 NY Slip Op 06844 [1st Dept Nov. 19, 2020] offers—albeit indirectly—an additional foothold for a successful plaintiff to assert his right to recover his fees from an award in favor of the LLC.
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Court Holds Shareholder in Contempt for Using Company Funds to Pay Legal Fees

By Peter A. Mahler on March 9, 2015

Posted in Attorney's Fees, Interim Remedies

Controlling shareholders who oppose corporate dissolution proceedings may be tempted to use company funds to pay their legal fees. This week’s New York Business Divorce features a decision by Justice Orin Kitzes holding in contempt of court a majority shareholder who did just that, …
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