Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law

Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law

On April 1, 2022, Justice Boddie of the Kings County Commercial Division issued a decision in Family Group 188, LLC v. Foukas, 2022 NY Slip Op. 30764(U), holding that where members of an LLC fail to sign an LLC operating agreement, the LLC is governed by the default rules of the LLC Law . . . Continue reading Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law

Motion for Summary Judgment in Lieu of Complaint Fails Because the Amount of the Underlying Debt Not Established

Motion for Summary Judgment in Lieu of Complaint Fails Because the Amount of the Underlying Debt Not Established

On March 8, 2022, Justice Cohen of the New York County Commercial Division issued a decision in Sanghvi Diamonds LLC v. Agadjani, 2022 NY Slip Op. 30738(U), denying a motion for summary judgment in lieu of complaint because the amount of the underlying debt was not established in the agreement sued upon . . . Continue reading Motion for Summary Judgment in Lieu of Complaint Fails Because the Amount of the Underlying Debt Not Established

Employer Not Liable for Defamation Based on Statements by an Employee Unrelated to the Employer-Employee Relationship

Employer Not Liable for Defamation Based on Statements by an Employee Unrelated to the Employer-Employee Relationship

On April 6, 2022, Justice Emerson of the Suffolk County Commercial Division issued a decision in 125 Tuckahoe Lane Corp. v Exit Hospitality Group LLC, 2022 NY Slip Op. 50246(U), holding that an employer was not liable for a defamatory statement made by its employee when the statement was unrelated to the employer-employee relationship . . . Continue reading Employer Not Liable for Defamation Based on Statements by an Employee Unrelated to the Employer-Employee Relationship

Party Making Best Knowledge Warranty Not Required to Conduct Due Diligence

Party Making Best Knowledge Warranty Not Required to Conduct Due Diligence

On March 22, 2022, Justice Emerson of the Suffolk County Commercial Division issued a decision in JP Pizza Eastport LLC v Luigi’s Main St. Pizza Inc., 2022 NY Slip Op. 22088, holding that a party making a best knowledge warranty was not required to investigate the facts relating to the warranty . . . Continue reading Party Making Best Knowledge Warranty Not Required to Conduct Due Diligence