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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

A Leaf Through a Busy November in New York LLC LitigationCan Post-Valuation Date Historical Performance Trump Pre-Valuation Date Financial Projections?

Accounting Actions

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 2024Top 10 Business Divorce Cases of 2023

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

A Message of Acceptance from the Garden StateLLC Minority Member Gets Caught in His Own "Wolverine Trap"

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

Retirement of Working Owners of Closely Held Business Entities: What's Your Plan?Winter Case Notes: Nice Try, But the Agreements Say What They Say

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

A Gift Horse with Rotten Teeth: When Equity Bequests Violate Transfer Restrictions or Buy-Sell AgreementsDollars, Donuts, and Buy-Sell Options

Corporate Governance

The Humble LLC Exculpation Clause Wins Big: Member/CEO Escapes $8M Fiduciary ClaimsRetirement of Working Owners of Closely Held Business Entities: What's Your Plan?

Deadlock

Help Comes From an Unexpected Place in LLC Deadlock Dissolution: The Third DepartmentIt Takes More Than a Litigation Tsunami Between Hostile Members to Obtain Judicial Dissolution of a Realty-Holding LLC

Delaware

Court's Decision in High Stakes Case Cuts Through the "Fog of Dueling 'Notwithstanding' Clauses"New York Top Court's Advice to Prospective Investors in Delaware LLCs: Pay Close Attention to Controller's Power to Amend LLC Agreement

Derivative Actions

A Tardy Plaintiff’s Best Friend: The Open Repudiation DoctrineLLC Member States Direct Claims Arising from Machiavellian Manager’s Tactical Bankruptcy Petition

Discovery

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

Dissenting Shareholder Appraisal

Beyond Fair Value: When Shareholder Oppression Demands Interest and DamagesCrossing the Hudson: Recent Business Divorce Decisions from Yonder States

Dissolution Basics

Beyond Fair Value: When Shareholder Oppression Demands Interest and DamagesA Message of Acceptance from the Garden State

Dissolution Defenses

Stated Purpose vs. Stated Problem: Court Sticks to the Script for LLC DissolutionNew Year, New Law - New Opacity - for LLC Owner Disputes

Dissolution Procedure

Beyond Fair Value: When Shareholder Oppression Demands Interest and DamagesDemand Futility, Dissolution, and Transfer Restrictions: Spring Blooms Fresh Developments in LLC Litigation

Expulsion and Removal

Retirement of Working Owners of Closely Held Business Entities: What's Your Plan?Bless This Mess: New York Court Shuts Down Attempted Early Ouster of Restauranteur From Managing His Own Restaurant

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

Premature or Untimely? Both at the Same Time? When to Sue as a General PartnerWinter Case Notes: Nice Try, But the Agreements Say What They Say

Federal vs. State Court

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

Foreign Business Entities

No Unforced Errors Please: “For Cause” Removal Provisions Mean What They Say and Say What They MeanForeign Affairs of the Books and Records Kind

Freeze-Out Merger

Let’s Talk About DilutionNew York LLC Caselaw's Greatest Hits

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

When Less Effort Leads to More Trouble: Quiet Quitting and Fiduciary AccountabilitySummer Shorts: Equitable Contribution, Stock Redemption, and Other Recent Decisions of Interest

Liquidation

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

LLCs

Capital Call Cancelled: A Fairness Defense to the Majority’s Mandatory Capital CallThe Humble LLC Exculpation Clause Wins Big: Member/CEO Escapes $8M Fiduciary Claims

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

The Humble LLC Exculpation Clause Wins Big: Member/CEO Escapes $8M Fiduciary ClaimsDemand Futility, Dissolution, and Transfer Restrictions: Spring Blooms Fresh Developments in LLC Litigation

Partnerships

Court's Decision in High Stakes Case Cuts Through the "Fog of Dueling 'Notwithstanding' Clauses"Premature or Untimely? Both at the Same Time? When to Sue as a General Partner

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

Professional Corporations

“Prevailing Party” Attorneys’ Fee ProvisionsSpecial Considerations for Law Firm Breakups

Professional Service LLCs

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

Receivership

Potential Creditor Drags Corporation in Stalled Dissolution Proceeding into ReceivershipBusiness Divorce in the Divorce Courts

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

Stay Away Settlement Between Closely-Held Corporation and Dissident Shareholder Goes Away Upon Shareholder’s DeathTrouble Looms When Clients Negotiate Their Own Shareholder Buy-Out Settlement Agreements

Standing

Check Your Footing: $36 Million Money Judgment Eviscerated in Brutal Appellate Standing LossTo be or Not to Be (a Member). That is the Question… That Estoppel Can Help Answer.

Stock Dilution

Let’s Talk About DilutionSummer Shorts: LLC Dissolution and Other Recent Decisions of Interest

Stock Transfer Restrictions

Appellate Division Construes LLC Law 608 as Giving Voting Rights to a Deceased Member's EstateOperating Agreement Trumps Postnup in High Stakes Battle Over Transfer of LLC Interest

Summer Shorts

Summer Shorts: An Unusual Application of LLC Law § 608 and Other Decisions of InterestSummer Shorts: Equitable Contribution, Stock Redemption, and Other Recent Decisions of Interest

Surcharge

Misappropriated Watering Hole Becomes Money Judgment SinkholeThe Worst of Both Worlds: Untimely Buyout Election Yields Full Merits Hearing and Huge Bond

Uncategorized

Bless This Mess: New York Court Shuts Down Attempted Early Ouster of Restauranteur From Managing His Own RestaurantWinter Case Notes: Nice Try, But the Agreements Say What They Say

Valuation

Business Appraiser Liability? That’s a New One.Can Post-Valuation Date Historical Performance Trump Pre-Valuation Date Financial Projections?

Valuation Discounts

Can Post-Valuation Date Historical Performance Trump Pre-Valuation Date Financial Projections?Cross-Country Valuation Check-Up: Discounts, Buy-Sell Agreements, and Ambiguity Potholes

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.

Learn More

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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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