This week’s New York Business Divorce features an important decision last month by Justice Vito DeStefano in which he upheld a claim for advancement of legal fees incurred by a close corporation minority shareholder, director and former officer, who initiated suit against the controlling shareholder, in defending counterclaims asserted in the name and right of the company.
Continue Reading Court Upholds Former Officer’s Right to Seek Indemnity and Advancement in Intra-Company Dispute

How might involuntary corporate dissolution figure into what otherwise would be a garden variety action for goods sold and delivered? Find out in this week’s New York Business Divorce as it examines a recent decision by Justice Daniel Palmieri in The Woods Knife Corp. v. Eastman Machine Co.

Continue Reading Dissolution Counterclaim Fails to Stall Action for Goods Sold and Delivered