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Winter Case Notes: De Facto Partnership and Other Recent Decisions of Interest

By Peter A. Mahler on February 6, 2017

Posted in Corporate Governance, Dissolution Defenses, Family-Owned Businesses, Grounds for Dissolution, Interim Remedies, LLCs, Operating Agreement, Partnerships, Receivership, Winter Case Notes

This week’s New York Business Divorce offers its annual Winter Case Notes with synopses of four recent decisions by Supreme Court Justices Elizabeth Emerson, Stephen Bucaria, and Charles Ramos in cases involving partnership, close corporation, and LLC disputes.
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Decision in Dissenting Limited Partner Case Directs Fair Value Hearing, Grants Discovery

By Peter A. Mahler on February 16, 2015

Posted in Discovery, Dissenting Shareholder Appraisal, Freeze-Out Merger, Partnerships

In the 25 or so years since New York adopted its Revised Uniform Limited Partnership Act, last month’s trial court decision in Levine v. Seven Pines Associates, L.P. may be the first to address issues attendant to a post-merger, dissenting limited partner appraisal proceeding. It’s featured in this week’s New York Business Divorce.
Continue Reading Decision in Dissenting Limited Partner Case Directs Fair Value Hearing, Grants Discovery