In this week’s New York Business Divorce, a tip of the hat to retiring Justices Eileen Bransten and Charles E. Ramos with a look back at some of their more memorable business divorce rulings.
Continue Reading A Fond Adieu to Two Giants of the Manhattan Commercial Division Bench
Organizer
With a Whimper, Not a Bang: New York’s Top Court Rules on LLC Promoter Liability
The New York Court of Appeals sidestepped the issue of LLC promoter liability for pre-formation nondisclosure in its decision last week in Roni LLC v. Arfa. It’s in this week’s New York Business Divorce, which also pays tribute to the late Professor Larry Ribstein.
…
Continue Reading With a Whimper, Not a Bang: New York’s Top Court Rules on LLC Promoter Liability
NY’s Top Court Hears Argument on LLC Promoter Liability
This week’s New York Business Divorce offers a courtside view of the oral argument earlier this month in Roni LLC v. Arfa, in which NY’s highest court will decide whether organizers (“promoters”) of limited liability companies owe a fiduciary duty of disclosure to prospective investors-members.
…
Continue Reading NY’s Top Court Hears Argument on LLC Promoter Liability
Are LLC Organizers Fiduciaries?
The Appellate Division, First Department, broke new ground with a controversial decision earlier this month holding that LLC organizers owe a fiduciary duty when soliciting members. Read about it in this week’s New York Business Divorce.
…
Continue Reading Are LLC Organizers Fiduciaries?