Prior Action

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In this week’s New York Business Divorce, find out how Justice Vito DeStefano ruled when asked to dismiss a damages suit by a minority shareholder against the majority shareholder, brought years after the minority shareholder abandoned a prior dissolution proceeding in which the majority shareholder elected to purchase.
Continue Reading Buy-Out Interruptus: Court Okays New Suit Five Years After Unconsummated Election to Purchase in Prior Dissolution Case

In a rare intersection of matrimonial and business divorce, last week the Appellate Division, Third Department, upheld the dismissal of an LLC dissolution proceeding brought by one spouse on the ground it was superseded by the other spouse’s prior-filed divorce action. But wait a minute; how can the court simply disregard the LLC as a separate entity? Read more in this week’s New York Business Divorce.
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Continue Reading Court Decision Weds Business Divorce with Matrimonial Divorce