contribution

Court Dismisses Fiduciary Breach, Contribution Claims Against Non-Managing LLC Member

By Peter A. Mahler on April 28, 2014

Posted in Capital Call, LLCs, Operating Agreement

In a two-member, 50/50 LLC, can Member #1 as sole managing member assert a fiduciary breach claim against non-managing Member #2? Justice Vito DeStefano recently tackled the question in Kalikow v. Shalik, highlighted in this week’s New York Business Divorce. …
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Woe Unto the Undocumented LLC Member Seeking Judicial Dissolution

By Peter A. Mahler on June 18, 2012

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

A tattoo parlor business is the unusual setting for a decision last week by the Appellate Division, Second Department, affirming the lower court’s post-trial dismissal of an LLC dissolution case brought by a member claiming denial of her co-equal management rights. It’s “inked” in this week’s New York Business Divorce.
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