A recent Commercial Division decision illustrates anew the elevated challenge of suing for judicial dissolution of a viable realty-holding company — even when the estranged co-members are already immersed in multiple litigations. Read about it in this week’s New York Business Divorce.
Continue Reading It Takes More Than a Litigation Tsunami Between Hostile Members to Obtain Judicial Dissolution of a Realty-Holding LLC
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Minority Oppression in LLCs: Interview With Professor Douglas Moll
Minority oppression in the LLC is drawing greater attention in the legal community as the proportion of business associations formed as LLCs continues to outstrip close corporations and partnerships. This week’s New York Business Divorce highlights and links to a Business Divorce Roundtable podcast interview with Professor Douglas Moll, one of the country’s leading authorities on minority oppression in the closely held business entities. …
Continue Reading Minority Oppression in LLCs: Interview With Professor Douglas Moll
Is Exclusion from LLC Enough for Dissolution?
In contrast to close corporations, the freeze-out of an LLC’s minority member, without more, does not suffice to plead a valid claim for judicial dissolution, according to an appellate ruling earlier this month in Doyle v. Icon, LLC. It’s in this week’s New York Business Divorce.
Continue Reading Is Exclusion from LLC Enough for Dissolution?