Satterfield

Winning the Dissolution Battle, Losing the War

By Peter A. Mahler on May 4, 2009

Posted in Dissolution Basics, Dissolution Procedure, LLCs

When a claim for judicial dissolution is denied or otherwise drops out of the case, that doesn’t necessarily mean the case is over. This week’s New York Business Divorce discusses two recent decisions by Justices Patricia Satterfield and Shirley Werner Kornreich in which the side opposing dissolution prevailed but left unresolved other claims addressing the parties’ underlying differences.
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Spouses Holding Shares as Joint Tenants Must Jointly Petition for Corporate Dissolution

By Peter A. Mahler on September 22, 2008

Posted in Common Law Dissolution, Dissolution Procedure, Standing

When husband and wife hold shares as joint tenants with right of survivorship, can one of them seek corporate dissolution without joining the other? Get the answer in this week’s New York Business Divorce.
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A Case of Mutual Frustration: Minority Member of LLC Can’t Compel Dissolution, Majority Can’t Compel Buyout

By Peter A. Mahler on September 15, 2008

Posted in Buyout, Capital Call, Fair Market Value vs. Fair Value, Grounds for Dissolution, LLCs

It’s the perfect LLC storm: Accusations by the minority member of overreaching and breach of fiduciary duty by the controlling members, no operating agreement, and an LLC statute that affords neither party a judicial means of achieving the separation they each want. Read about it in this week’s New York Business Divorce.
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Continue Reading A Case of Mutual Frustration: Minority Member of LLC Can’t Compel Dissolution, Majority Can’t Compel Buyout