Webster

Accounting Unchained: Is the Closely Held Business Owner’s Right to an Accounting Absolute?

By Franklin C. McRoberts on October 29, 2018

Posted in Access to Books and Records, Discovery, Partnerships

In this week’s New York Business Divorce, we focus on the oft-overlooked accounting cause of action, recently reinvigorated by an appellate decision referring to the claim as an “absolute right.” What does that mean for business divorce litigants? Read on.
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LLC “Squabble” Gets Back Its Day in Court

By Peter A. Mahler on November 23, 2015

Posted in LLCs

This week’s New York Business Divorce examines a recent Justice Bucaria decision that, upon reconsideration, allows an LLC member’s suit to recover withheld distributions to proceed without necessity of amending her complaint to seek judicial dissolution. The decision also prompts a look at the LLC Law’s statute of repose for “wrongful distributions.”…
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