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Dispute Over Authenticity of Operating Agreement Leads to Reversal of Order Summarily Granting LLC Dissolution

By Peter Mahler on April 12, 2010

Posted in Deadlock, Grounds for Dissolution, LLCs, Operating Agreement, Standing

The hydra-headed Ficus Investments litigation is the gift that keeps on giving, at least to students of business divorce. This week’s New York Business Divorce highlights the latest appellate decision in the case, in which the court reversed an order dissolving the limited liability company that managed the mortgage business at the center of the melee.
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Court Grants 50% LLC Member’s Petition for Judicial Dissolution of Passive Holding Company

By Peter Mahler on June 8, 2009

Posted in Grounds for Dissolution, LLCs, Standing

This week’s New York Business Divorce features a recent decision by Justice Bernard Fried granting dissolution of an LLC owned 50-50 by two members locked in several highly contentious lawsuits. The decision addresses standing of a membership interest assignee to seek dissolution, and whether deadlock can establish ground for dissolution of a passive investment holding company.
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