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New York Business Divorce

Commentary on Dissolution and Other Disputes Among Co-Owners of Closely Held Business Entities

Topics

Access to Books and Records

A Tardy Plaintiff’s Best Friend: The Open Repudiation DoctrineBless This Mess: New York Court Shuts Down Attempted Early Ouster of Restauranteur From Managing His Own Restaurant

Accountants/Experts

Can an Equitable Accounting Find the Missing Cash?A Leaf Through a Busy November in New York LLC Litigation

Accounting Actions

Can an Equitable Accounting Find the Missing Cash?The Consequences of Deception: Defendant Hit With $4.5 Million Judgment After 12-Year "Wild Goose Chase Based on a Lie"

Advancement and Indemnification

Winter Case Notes: Nice Try, But the Agreements Say What They SayA Leaf Through a Busy November in New York LLC Litigation

Annual Top 10 Cases

Top 10 Business Divorce Cases of 2025Top 10 Business Divorce Cases of 2024

Arbitration and Mediation

Winter Case Notes: Nice Try, But the Agreements Say What They SayIs an LLC Bound by its Own Operating Agreement?

Attorney Disqualification

Pitfalls for Corporate Counsel in Business Divorce DisputesBusiness Divorce, Brooklyn Style

Attorney's Fees

Swing of the Pendulum: A Tale of Two “For Cause” RemovalsIndecision Has a Price: Withdraw Lawsuit, Pay Hefty Fee Award

Bankruptcy

The Humble LLC Exculpation Clause Wins Big: Member/CEO Escapes $8M Fiduciary ClaimsSummer Shorts: An Unusual Application of LLC Law § 608 and Other Decisions of Interest

Buyout

Too Much Spin on the Numbers: What a Law Firm Breakup Teaches About Valuation DisputesRetirement of Working Owners of Closely Held Business Entities: What's Your Plan?

Capital Call

Capital Call Cancelled: A Fairness Defense to the Majority’s Mandatory Capital CallTo be or Not to Be (a Member). That is the Question… That Estoppel Can Help Answer.

Co-ops and Condos

Breach of Fiduciary Duty: A More “Lenient Standard” for Damages?Appellate Rulings Endorse Courts' Broad Remedial Powers Over Condo and Co-op Board Elections

Common Law Dissolution

Take the Business Divorce Pop Quiz!A New Stile: First Department Shakes Up the Shareholder Oppression Claim

Compulsory Buyout

The Bad Faith Defense to Opportunistic ExpulsionA Gift Horse with Rotten Teeth: When Equity Bequests Violate Transfer Restrictions or Buy-Sell Agreements

Corporate Governance

Hop Farmers Face Membership Forfeiture as a Deadlock Breaker and a Bitter Lesson on Pleading ShortcutsSwing of the Pendulum: A Tale of Two “For Cause” Removals

Deadlock

Hop Farmers Face Membership Forfeiture as a Deadlock Breaker and a Bitter Lesson on Pleading ShortcutsSecond Department Denies Judicial Dissolution of Realty Holding Limited Partnership (and Related Claims), Ending 22-Count Dispute

Delaware

For Embattled Bich Family, "Full Membership" Requires Admittance Without PreconditionCourt's Decision in High Stakes Case Cuts Through the "Fog of Dueling 'Notwithstanding' Clauses"

Derivative Actions

Can an Equitable Accounting Find the Missing Cash?Seller Beware: The “Exclusive” Fair Value Appraisal Remedy Really is Exclusive

Discovery

When Trying to Discover Tax Returns in Business Divorce Litigation, Bring Your A GameBut What of the Equitable Accounting?

Dissenting Shareholder Appraisal

Seller Beware: The “Exclusive” Fair Value Appraisal Remedy Really is ExclusiveBeyond Fair Value: When Shareholder Oppression Demands Interest and Damages

Dissolution Basics

The Pick-Your-Partner PrincipleBut, IS Loss Sharing an “Indispensable Element” of Partnership? Not If You Contract Around It.

Dissolution Defenses

Hop Farmers Face Membership Forfeiture as a Deadlock Breaker and a Bitter Lesson on Pleading ShortcutsDoes This California Case Bolster the Argument Against Waiver of the Right to Seek Judicial Dissolution of New York LLCs?

Dissolution Procedure

Indecision Has a Price: Withdraw Lawsuit, Pay Hefty Fee AwardBeyond Fair Value: When Shareholder Oppression Demands Interest and Damages

Expulsion and Removal

Swing of the Pendulum: A Tale of Two “For Cause” RemovalsHow Easily Can an Operating Agreement Supplant the Default Rule for LLC Manager Removal? Pretty Easily.

Fair Market Value vs. Fair Value

Cross-Country Valuation Check-Up: Discounts, Buy-Sell Agreements, and Ambiguity PotholesClash of Valuation Visions: Appraisal Proceeding Over Manhattan Eyeglass Shop Goes the Distance

Family-Owned Businesses

Second Department Ends Sisters’ Fight Over Family Home Not With a Bang, But a WhimperPremature or Untimely? Both at the Same Time? When to Sue as a General Partner

Federal vs. State Court

Faithless Servant in Business Divorce CasesFederal Courts Wade Into Business Divorce: Recent Decisions of Interest

Foreign Business Entities

Is Choice of Law an Issue of Fact?Court of Appeals Again Bolsters Internal Affairs Doctrine, This Time Clipping Derivative Suits Brought on Behalf of Foreign Corporations

Freeze-Out Merger

One Very Messy LLC Freeze-Out MergerLet’s Talk About Dilution

Grounds for Dissolution

I'll Have a Bacon Cheeseburger, Hold the Pickle and LLC DissolutionRecent Appellate Rulings Address Novel Issues in General Partnership Disputes

Interim Remedies

Bless This Mess: New York Court Shuts Down Attempted Early Ouster of Restauranteur From Managing His Own RestaurantI'll Have a Bacon Cheeseburger, Hold the Pickle and LLC Dissolution

Interviews

Mediating Business Valuation DisputesMarketability Discount Revisited: Interview With Greg Barber

Limited Liability Partnerships

Too Much Spin on the Numbers: What a Law Firm Breakup Teaches About Valuation DisputesThe Bad Faith Defense to Opportunistic Expulsion

Liquidation

When Less Effort Leads to More Trouble: Quiet Quitting and Fiduciary AccountabilityAmbiguous Agreement, Clear Consequences

LLCs

Can an Equitable Accounting Find the Missing Cash?One Very Messy LLC Freeze-Out Merger

Not-For-Profit Corporations

New York Judge Spares NRA "Corporate Death Penalty"Winter Case Notes: Dissolution of Not-For-Profit Corporation and Other Decisions of Interest

Operating Agreement

Mere Assignment of an LLC Membership Interest Does Not Make You a MemberHop Farmers Face Membership Forfeiture as a Deadlock Breaker and a Bitter Lesson on Pleading Shortcuts

Partnerships

The Pick-Your-Partner PrincipleBut, IS Loss Sharing an “Indispensable Element” of Partnership? Not If You Contract Around It.

Phantom Income

Prudent Management or Financial Starvation: Can Minority Members Compel the Majority to Make Distributions?Summer Shorts: LLC Minority Member Oppression and Other Decisions of Interest

Podcasts and Video

On Camera: My Recent Video Interview on, What Else, Business Divorce (Part 2)On Camera: My Recent Video Interview on, What Else, Business Divorce (Part One)

Professional Corporations

Seller Beware: The “Exclusive” Fair Value Appraisal Remedy Really is Exclusive“Prevailing Party” Attorneys’ Fee Provisions

Professional Service LLCs

Summer Shorts: An Unusual Application of LLC Law § 608 and Other Decisions of InterestSpecial Considerations for Law Firm Breakups

Receivership

Summer Shorts: A Trio of Recent Decisions of Interest in LLC Member DisputesPotential Creditor Drags Corporation in Stalled Dissolution Proceeding into Receivership

Restrictive Covenants

Business Divorce and Restrictive CovenantsSummer Shorts: LLC Dissolution and Other Recent Decisions of Interest

RULLCA

Greetings from the American Bar Association’s 2024 LLC InstituteConditional Grants of Membership Interests Are a Roadway to Courtroom Conflict

Settlement

For Embattled Bich Family, "Full Membership" Requires Admittance Without PreconditionStay Away Settlement Between Closely-Held Corporation and Dissident Shareholder Goes Away Upon Shareholder’s Death

Standing

Mere Assignment of an LLC Membership Interest Does Not Make You a MemberScore Another Round for the Estate: First Department Upholds Right of Deceased LLC Member's Executor to Pursue Member Rights

Stock Dilution

Over the Limit: Can Equity Trump the Certificate of Incorporation’s Share Cap?Let’s Talk About Dilution

Stock Transfer Restrictions

Over the Limit: Can Equity Trump the Certificate of Incorporation’s Share Cap?For Embattled Bich Family, "Full Membership" Requires Admittance Without Precondition

Summer Shorts

Summer Shorts: A Trio of Recent Decisions of Interest in LLC Member DisputesSummer Shorts: An Unusual Application of LLC Law § 608 and Other Decisions of Interest

Surcharge

Can an Equitable Accounting Find the Missing Cash?Misappropriated Watering Hole Becomes Money Judgment Sinkhole

Uncategorized

But, IS Loss Sharing an “Indispensable Element” of Partnership? Not If You Contract Around It.Swing of the Pendulum: A Tale of Two “For Cause” Removals

Valuation

The Valuation Discount That No One Can Agree On, StillToo Much Spin on the Numbers: What a Law Firm Breakup Teaches About Valuation Disputes

Valuation Discounts

The Valuation Discount That No One Can Agree On, StillCan Post-Valuation Date Historical Performance Trump Pre-Valuation Date Financial Projections?

Winter Case Notes

Winter Case Notes: Nice Try, But the Agreements Say What They SayWinter Case Notes: Murder, Forgery, Accidental Death, Oppression, Oh My!

Business Divorce Roundtable Podcast

Hosted by Peter A. Mahler, Partner

The Business Divorce Roundtable presents lively conversations with top experts from a variety of fields – lawyers, judges, mediators, appraisers, accountants, and academicians – on the legal and practical issues including business valuation that business owners and their professional advisors need to know to navigate the turbulent waters of a business partnership breakup.

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Latest Episodes

https://feeds.soundcloud.com/stream/1259386306-businessdivorceroundtable-corporate-oppression-doctrine-meets-sex-discriminationa-conversation-with-professor-meredith-miller.mp3

Corporate Oppression Doctrine Meets Sex Discrimination:A Conversation with Professor Meredith Miller

April 29, 2022
https://feeds.soundcloud.com/stream/1175591896-businessdivorceroundtable-llcs-as-they-approach-the-50-year-milestone-a-conversation-with-professor-susan-pace-hamill.mp3

LLCs as They Approach the 50-Year Milestone: A Conversation with Professor Susan Pace Hamill

December 10, 2021
https://feeds.soundcloud.com/stream/1134485941-businessdivorceroundtable-everything-you-ever-wanted-to-know-about-buy-sell-agreements-a-conversation-with-paul-hood.mp3

Everything You Ever Wanted to Know About Buy-Sell Agreements: A Conversation with Paul Hood

October 1, 2021
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