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This week’s New York Business Divorce features my podcast interview of Donald J. Weidner, Dean Emeritus of Florida State University College of Law, about his forthcoming article in The Business Lawyer entitled LLC Default Rules Are Hazardous to Member Liquidity.
Continue Reading Member Liquidity, Default Rules, and the Corporate-ization of LLCs: A Conversation with Dean Donald J. Weidner

The typical dispute among LLC members over membership interest transfers involves voluntary assignments or testamentary dispositions. This week’s New York Business Divorce looks at a pair of cases involving disputes arising from involuntary transfers of membership interests.
Continue Reading Turmoil Follows Involuntary Transfers of LLC Membership Interests

Few recent cases in the business divorce field are as important as last week’s appellate affirmance in the Shapiro case, allowing majority LLC members to adopt an operating agreement that binds non-signatory minority members. Get the story in this week’s New York Business Divorce.
Continue Reading Thinking About Becoming a Minority Member of a New York LLC Without an Operating Agreement? Think Again

Is the contractual freedom associated with LLC statutory default rules being used to promote efficiencies or opportunistically by LLC controllers at the expense of vulnerable LLC members? That’s the subject of a study and article by Professor Peter Molk highlighted in this week’s New York Business Divorce and accompanying interview of Professor Molk on the Business Divorce Roundtable podcast.
Continue Reading Professor Peter Molk’s Groundbreaking Study of How LLC Owners Contract Around Default Statutory Protections