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Warning: If You Want Legal Fee Advancement or Indemnification, You May Need to Amend Your Partnership, Shareholder, or Operating Agreement

By Franklin C. McRoberts on October 24, 2022

Posted in Advancement and Indemnification, Attorney's Fees, Partnerships

Last week, the Court of Appeals announced a major clarification of the law of advancement and indemnification of legal fees in disputes among closely-held business owners. Read about it in this week’s New York Business Divorce.
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Wash Hands Before Suing

By Peter A. Mahler on July 6, 2015

Posted in Common Law Dissolution, Derivative Actions, Dissolution Defenses

A recent First Department ruling in Sansum v. Fioratti is one of the few reported instances in which the defense of unclean hands was successfully asserted to defeat on the merits a minority shareholder’s claim for corporate dissolution. Read this week’s New York Business Divorce to find out more. …
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