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Managing Members of Realty Holding LLCs Vanquish Self-Dealing Claims

By Peter A. Mahler on June 28, 2021

This week’s New York Business Divorce features a pair of noteworthy appellate decisions by the Second Circuit U.S. Court of Appeals and the Appellate Division, First Department, involving unsuccessful suits by non-managing members against managing members of realty holding LLCs.
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Recent Appellate Rulings Address Demand Futility in Derivative Lawsuits

By Peter A. Mahler on November 11, 2013

Posted in Delaware, Derivative Actions

Derivative claims are frequently asserted in business divorce litigation. Within the last two months the Manhattan-based Appellate Division, First Department, issued three decisions addressing the demand futility requirement in derivative lawsuits involving Delaware and New York corporations, limited partnerships and LLCs. Get up to speed with this week’s New York Business Divorce.
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