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New York Business Divorce

Commentary on Dissolution and Other Disputes Among Co-Owners of Closely Held Business Entities

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Two Cases. Two Mammoth Fee Awards. Coup de Grâce or Pyrrhic Victory?

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By Franklin C. McRoberts on April 1, 2024
Posted in Attorney's Fees, Derivative Actions

In this week’s New York Business Divorce, read about the grand finale conclusion of two important cases previously featured on this blog, with massive affirmed attorneys’ fee awards in both, one by statute, one by contract. …
Continue Reading Two Cases. Two Mammoth Fee Awards. Coup de Grâce or Pyrrhic Victory?

Misappropriated Watering Hole Becomes Money Judgment Sinkhole

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By Franklin C. McRoberts on May 15, 2023
Posted in Accountants/Experts, Attorney's Fees, Derivative Actions, Surcharge

In this week’s New York Business Divorce, read about an unusually brazen case of misappropriation of corporate opportunity culminating in a hefty judgment against the perpetrators, including punitive damages and an accounting surcharge.
Continue Reading Misappropriated Watering Hole Becomes Money Judgment Sinkhole

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