The key question in shareholder oppression claims is often whether the complaining shareholder’s expectations were reasonable under the circumstances. A recent decision from Albany County and a recently published article highlight two sides of a debate about how “contractual” the reasonable expectations inquiry should be.
Continue Reading Can a Shareholder Be Oppressed After Ceding Control? Oppression, Reasonable Expectations, and Contractual Formalism
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 closely held business entities, in which he discusses the findings from his nationwide survey of LLC judicial dissolution statutes.
Continue Reading LLC Dissolution Statutes Under the Microscope: Podcast 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
New Jersey recently became the eighth state to adopt the Revised Uniform Limited Liability Company Act including a new provision authorizing judicial dissolution of LLCs on the ground of oppressive acts by the controllling managers or members and also providing a statutory buy-out remedy, much like the dissolution statutes governing close corporations. For more on the new statute’s background, its provisions, and the surrounding policy debate, read this week’s New York Business Divorce.
Continue Reading New Jersey Adopts Revised LLC Act Authorizing Dissolution for Minority Oppression
This week’s New York Business Divorce features an interview with Douglas Moll, Professor of Law at the University of Houston Law Center and one of the leading authorities on shareholder oppression in close corporations. Professor Moll answers questions about minority shareholder protection, LLCs, Delaware law, and also talks about his newly published treatise called The Law of Closely Held Corporations.
Continue Reading Interview with Law Professor Douglas Moll, Leading Authority on Shareholder Oppression