Limited Liability Company (LLC), Corporate Dissolution, Standing

Can Derivative Claims be Pursued for a Dissolved or Cancelled LLC?

Patton Sullivan Brodehl LLP on 1/16/2020

Today’s post focuses on a thorny issue arising from the LLC Jungle — can derivative claims be pursued on behalf of a dissolved or cancelled LLC? In short, the answer is “yes” — but there are nuances to be aware of....more

Top Ten Business Divorce Cases of 2018

Farrell Fritz, P.C. on 12/31/2018

I’m very pleased to present my 11th annual list of this past year’s ten most significant business divorce cases. This year’s list includes four important appellate decisions, including one likely to stand as a landmark...more

Stock Pledge Agreement Defeats Minority Shareholder’s Standing to Sue for Statutory But Not Common-Law Dissolution

Farrell Fritz, P.C. on 10/1/2018

Last week, this blog wrote about a decision by Manhattan Commercial Division Justice Saliann Scarpulla in the burgeoning Yu family melee, in that case pitting one brother against the other and their sister over dissolution of...more

Assignment of LLC Interest Defeats Standing Despite Alleged Lack of Consideration

Farrell Fritz, P.C. on 5/15/2017

The rules of “standing” in business divorce litigation generally require that the plaintiff have an ownership interest in the business entity at the time of the alleged wrongful conduct and, for derivative claims brought on...more

Beware Diversity Trap in Federal Court Business Divorce Cases Involving LLCs

Farrell Fritz, P.C. on 4/3/2017

I can count on one hand the number of federal court cases I’ve featured on this blog since I started it almost 10 years ago — and that’s no coincidence....more

Top 10 Business Divorce Cases of 2016

Farrell Fritz, P.C. on 12/27/2016

I’m pleased to present my 9th annual list of this past year’s ten most significant business divorce cases. The list includes important appellate rulings by the First and Second Departments on dissolution of foreign business...more