Mills

Conditional Inspection of LLC Books and Records: When Is It Permitted?

By Peter A. Mahler on April 4, 2016

Posted in Access to Books and Records, LLCs, RULLCA

A recent decision by Justice Donna Mills highlights the consequences of not including in the operating agreement confidentiality requirements linked to member rights to inspect books and records. It’s in this week’s New York Business Divorce. …
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Too Late Gets Too Little: LLC Minority Member Fails to Block Merger, Must Accept $465 Buy-Out

By Peter A. Mahler on October 15, 2012

Posted in Dissenting Shareholder Appraisal, LLCs, Operating Agreement, Uncategorized

The historic Bulova watchcase factory in picturesque Sag Harbor, NY, is the focus of a legal battle between co-developers that led to a decision earlier this month upholding a merger that left one of the developers in the cold, holding a check for $465.60 for its interest. Read more in this week’s New York Business Divorce. …
Continue Reading Too Late Gets Too Little: LLC Minority Member Fails to Block Merger, Must Accept $465 Buy-Out