Claim Based on Successor Liability Fails Without Evidence That Defendant Purchased Assets

Claim Based on Successor Liability Fails Without Evidence That Defendant Purchased Assets

On September 21, 2023, the First Department issued a decision in 47 E. 34th St. (NY) L.P. v. BridgeStreet Worldwide, Inc., 2023 NY Slip Op. 04702, holding that a claim based on successor liability failed for lack of evidence that the defendant purchased the assets of the predecessor company . . . Continue reading Claim Based on Successor Liability Fails Without Evidence That Defendant Purchased Assets

LLC Member not Liable for LLC’s Obligations Under Agreement Member Signed on Behalf of LLC

LLC Member not Liable for LLC’s Obligations Under Agreement Member Signed on Behalf of LLC

On May 10, 2023, the Second Department issued a decision in Y.B. Assoc. Group, LLC v. Rubin, 2023 NY Slip Op. 02558, holding that an LLC member was not liable for an LLC’s obligations under an agreement the member had signed on behalf of the LLC . . . Continue reading LLC Member not Liable for LLC’s Obligations Under Agreement Member Signed on Behalf of LLC