There are few issues involving LLCs more likely to generate litigation than the expulsion of a member, especially when the expelled member is denied any payout for its interest, as occurred in the case highlighted in this week’s New York Business Divorce.
Continue Reading Be Careful What You Say. It May Get You Expelled From Your LLC.
This week’s New York Business Divorce serves up a provocative article by, and an informative podcast interview with, Kentucky lawyer Tom Rutledge, a leading expert on closely held business entities, on the hot-button topic of LLC member expulsion.
Continue Reading Tom Rutledge Takes on LLC Member Expulsion
The New Jersey Supreme Court last week issued an important decision tightening the criteria for judicial expulsion of an LLC member. Get the story in this week’s New York Business Divorce.
Continue Reading New Jersey Supreme Court Raises the Bar for Judicial Expulsion of LLC Members
This week’s New York Business Divorce examines a fascinating post-trial decision last month by Justice Emily Pines in which the court resolved competing claims by a medical practice and one of its members who was expelled in the aftermath of a contentious acquisition of an ambulatory surgery center. You won’t want to miss it.
Continue Reading Anesthesiology Practice Undergoes “Legal Equivalent of a Proctology Exam” in Shareholder Dispute
Can a court order the expulsion of an LLC member for misconduct absent language in the operating agreement so providing? Get the answer in this week’s New York Business Divorce highlighting a recent decision by the Appellate Division, Second Department, posing the issue in the context of a bitter dispute between two brothers.
Continue Reading Tzolis No Solace for Proponent of LLC Member Expulsion