legal fees

The Prohibition Against Using Company Funds for Legal Fees in Dissolution Proceedings

By Peter A. Mahler on May 9, 2016

Posted in Attorney Disqualification, Attorney's Fees, Common Law Dissolution, Interim Remedies

A recent decision by Justice Stephen A. Bucaria in a common-law dissolution case prompts a look at the rules governing use of company funds to pay legal fees in dissolution cases. Learn more in this week’s New York Business Divorce.
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Court Holds Shareholder in Contempt for Using Company Funds to Pay Legal Fees

By Peter A. Mahler on March 9, 2015

Posted in Attorney's Fees, Interim Remedies

Controlling shareholders who oppose corporate dissolution proceedings may be tempted to use company funds to pay their legal fees. This week’s New York Business Divorce features a decision by Justice Orin Kitzes holding in contempt of court a majority shareholder who did just that, …
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