News & Analysis as of

Limited Liability Company (LLC) Assignees

Farrell Fritz, P.C.

Always Check Provenance Before Taking an Assignment of LLC Interest

Farrell Fritz, P.C. on

Buyers of fine art must investigate the work’s provenance before closing the deal. The same holds true for anyone contemplating the acquisition by assignment of a membership interest in a limited liability company....more

Farrell Fritz, P.C.

Operating Agreement Dooms Derivative Claims by Deceased LLC Member’s Estate

Farrell Fritz, P.C. on

In business divorce litigation, petitioners / plaintiffs often want to start the case with a bang. A common tactic is to file a petition / complaint simultaneously with an injunction motion. Often there is a real need for an...more

Farrell Fritz, P.C.

Can the Bare Naked Assignee Demand Access to LLC Records?

Farrell Fritz, P.C. on

I wish I could take credit for it, but I can’t. The phrase “bare naked assignee” was coined by the preeminent scholar and LLC maven Professor Daniel Kleinberger whose massive oeuvre (not to mention his guest posts on this...more

Farrell Fritz, P.C.

Business Divorce Nation: Five States, Five Cases

Farrell Fritz, P.C. on

It’s true that the statutory and common-law rules at play in business divorce cases can vary widely from state to state. But it’s also true that court decisions in one state can influence courts in other states, and can...more

Morris James LLP

Court Of Chancery Permits Equitable Dissolution

Morris James LLP on

In this precedent-setting decision, the Court upholds the right of an assignee of an LLC interest to petition for its dissolution....more

5 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide