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
On April 25, 2022, Justice Borrok of the New York County Commercial Division issued a decision in Haaris v. Hameedi, 2022 NY Slip Op. 31339(U), denying a request to dissolve an LLOC because the LLC remained able to conduct the business for which it was formed . . . Continue reading Court Denies Request to Dissolve LLC Because It Remained Able to Conduct the Business for Which it was Formed
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
On October 6, 2021, the Second Department issued a decision in Matter of Coven v. Neptune Equities, Inc., 2021 NY Slip Op. 05334, holding that tax estoppel barred allegations regarding a company’s ownership . . . Continue reading Tax Estoppel Barred Allegations Regarding Company’s Ownership
