Farro

The Farro Litigation: The Rest of the Story

By Franklin C. McRoberts on January 25, 2021

Posted in Expulsion and Removal, Freeze-Out Merger, LLCs

This week’s New York Business Divorce is a follow-up to last week’s article, a piece about the enormously important appellate decision in the Farro case, the first to carefully consider the correct meaning and interpretation of New York’s LLC merger statute and its relation to the analogous corporation merger statute. In this week’s article, learn about the rest of the story in the Farro litigation, addressed in two companion appellate decisions issued the same day.
Continue Reading The Farro Litigation: The Rest of the Story

Groundbreaking Appellate Ruling Boosts LLC Cash-Out Mergers

By Peter A. Mahler on January 18, 2021

Posted in Freeze-Out Merger, LLCs

In a long-awaited decision handed down last week by the Appellate Division, Second Department, the court construed two sections of New York’s LLC Law in a significant boost to the ability of members with voting control to remove minority members by means of a cash-out merger. Learn more in this week’s New York Business Divorce.
Continue Reading Groundbreaking Appellate Ruling Boosts LLC Cash-Out Mergers