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
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
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
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?