On October 7, 2025, the First Department issued a decision in Rosenblum v. Treitler, 2025 NY Slip Op. 05481, holding that a discount for lack of marketability as properly applied in valuing minority ownership of a business . . . Continue reading Discount for Lack of Marketability Properly Applied to Valuing Minority Ownership of Business
On May 15, 2025, Justice Patel of the New York County Commercial Division issued a decision in Lignel v. Butler, 2025 NY Slip Op. 31791(U), holding that freezing out a member was an insufficient basis for dissolving an LLC . . . Continue reading Member Freeze-Out Insufficient Basis for LLC Dissolution
On December 10, 2024, the First Department issued a decision in Haruvi v. Hungerford, 2024 NY Slip Op. 06154, holding that fact that corporate landlord was in real estate business did not mean that BCL 909 did not govern the sale of substantially all of its real estate assets . . . Continue reading That Corporate Landlord was in Real Estate Business did not Mean That BCL 909 did not Govern Sale of Substantially All its Property
On September 30, 2024, Justice Cohen of the New York County Commercial Division issued a decision in Ramirez v. Issa, 2024 NY Slip Op. 33488(U), staying a proceeding to dissolve a corporation in favor of an earlier filed action even though the earlier action did not seek dissolution . . . Continue reading Court Stays Dissolution Proceeding in Favor of Earlier-Filed Action Even Though it Did Not Seek Dissolution
On May 14, 2024, Justice Borrok of the New York County Commercial Division issued a decision in Matter of Ruham, 2024 NY Slip Op. 31863(U), holding that a complete breakdown in the relationship between two LLC members did not justify dissolving the LLC . . . Continue reading Breakdown in LLC Members’ Relationship Does Not Justify Dissolution
On November 28, 2023, Justice Ruchelsman of the Kings County Commercial Division issued a decision in Ramirez v. Issa, 2023 NY Slip Op. 34206(U), refusing to appoint a receiver because the misconduct alleged was cured . . . Continue reading Court Refuses to Appoint Receiver Because Misconduct Alleged Was Cured
On August 31, 2023, Justice Platkin of the Albany County Commercial Division issued a decision in Matter of Galasso v. Cobleskill Stone Prods., Inc., 2023 NY Slip Op. 51158(U), analyzing different valuation methods in a business divorce buyout. Continue reading Court Analyzes Different Valuation Approaches in Business Divorce Buyout
On March 15, 2023, Justice Ruchelsman of the Kings County Commercial Division issued a decision in Matter of Vashovsky v. Zablocki, 2023 NY Slip Op. 30768(U), rejecting a claim for common-law dissolution of an LLC . . . Continue reading Court Rejects Claim for Common-Law Dissolution of an LLC
On August 3, 2022, Justice Crane of the New York County Commercial Division issued a decision in Lotwala v. Dhabuwala, 2022 NY Slip Op. 32639(U), holding that tax filings were evidence, but not proof, of membership in an LLC . . . Continue reading Tax Filings Are Evidence, but not Proof, of LLC Membership
On April 28, 2022, Justice Livote of the Queens County Commercial Division issued a decision in Matter of Mattone v. Mattone, 2022 NY Slip Op. 31253(U), refusing to dissolve an LLC when the basis for the petition was the manner in which the LLC was operated, not its viability . . . Continue reading Court Refuses to Dissolve LLC When Basis for Petition is the Manner in Which the LLC is Operated, not its Viability
