membership

Delaware Ruling Highlights Difference With New York Over Amending LLC Agreements

By Peter A. Mahler on May 22, 2017

Posted in Delaware, LLCs, Operating Agreement

This week’s New York Business Divorce compares two recent New York and Delaware decisions reaching opposite results on the issue of amending LLC agreements without the unanimous consent of the members. You may be surprised to learn which state offers minority members greater protection.
Continue Reading Delaware Ruling Highlights Difference With New York Over Amending LLC Agreements

Beware Diversity Trap in Federal Court Business Divorce Cases Involving LLCs

By Peter A. Mahler on April 3, 2017

Posted in LLCs, Operating Agreement, Standing

This week’s New York Business Divorce examines the “diversity trap” in business divorce cases involving LLCs brought in federal court, highlighting a recent decision by SDNY District Judge Edgardo Ramos dismissing for lack of jurisdiction a suit between former law firm partners.
Continue Reading Beware Diversity Trap in Federal Court Business Divorce Cases Involving LLCs