Live Breaking News & Updates on Kings County Commercial Division

Stay updated with breaking news from Kings county commercial division. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Altering a Confession of Judgment? Think Again! | Farrell Fritz, P.C.

A confession of judgment has often been viewed as an important tool in settling a litigation or finalizing a transaction. In 2019, the New York State Legislature made some significant. ....

New Jersey , United States , New York , New York County , Kings County , Fleigelv Blonder , Justice Ruchelsman , Porgesv Kleinman , York State Legislature , Kings County Commercial Division , New York State Legislature , Leon Ruchelsman , Kings County Clerk ,

A RICO Claim in an Ordinary Business Dispute? Not So Fast, Says the Commercial Division | Farrell Fritz, P.C.

Courts continue to refer to federal Racketeering Influenced and Corrupt Organizations Act (“RICO”) claims as “potent weapons” that are equivalent to a “thermonuclear device” in cases. ....

Daskalv Tyrnauer , Yosef Zablocki , Goldfinev Sichenzia , Chana Vashovsky , Justice Ruchelsman , Kings County Commercial Division , York Business Corporation Law , Star Promotions Inc , Hudson Valley Ny Holdings , National Jewish Convention Center , Kings County Commercial Division Justice Leon Ruchelsman , Invacare Supply Group Inc , Racketeering Influenced , Corrupt Organizations Act , Commercial Division , Invacare Supply Group , Star Promotions , Hudson Valley , New York Business Corporation Law ,

Second Department Limits Plaintiff to Appraisal Remedy Under New York LLC Law After a Freeze-out Merger | Patterson Belknap Webb & Tyler LLP

In
Farro v. Schochet, the Second Department recently held that §1002 of the NY LLC Law restricted a dissenting member’s remedy to an appraisal for the fair value of his interest in the business after a freeze-out merger.[1] Thus, the Court reduced the legal remedies for a minority LLC member that lacked protections in the operating agreement against the merger.
Background on Freeze-out Mergers and Appraisal Remedy
A freeze-out merger typically involves controlling member(s) forcing minority member(s) out of a business by (1) creating a new business where the minority member(s) do not have a stake and then (2) using their controlling stake in the original business to merge it into the new business to freeze-out the minority member(s). ....

New York , United States , Levi Wilhelm , Zalman Schochet , Justice Sylvia , Any Partnership Law , Liability Company Law , Kings County Commercial Division , Ny Ltd , Second Department , Second Department Decision , Appleton Acquisition , Patterson Belknap Webb Tyler , Partnership Law , Trial Court Proceedings , Patterson Belknap Webb , Freeze Out Mergers , Limited Liability Company Law , Kings Cty , Justice Ash , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , லெவி வில்ஹெல்ம் , நீதி சில்வியா , நி கூட்டு சட்டம் , பொறுப்பு நிறுவனம் சட்டம் ,