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Rising focus on cost-effective manufacturing and growing consumer demand for naturally sourced ingredients in products will drive Cosmetic CDMO Market. ....
A corporate director generally cannot obtain privileged corporate documents when that director has an improper purpose for obtaining the documents or is acting adversely to the company’s interests. A company may be able to shield its privileged communications from a director. ....
Delaware Declines Subject Matter Jurisdiction Over Judicial Dissolution of Foreign Entities | Farrell Fritz, P.C. jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
The Shotgun Buy-Sell Provision, Deadlock, and Trigger Pull here the New York theatre of litigation concerning the Pennsylvania-based cosmetic manufacturer, Process Technologies and Packaging, LLC, a Delaware LLC (“PTP”). A brief recap: PTP is owned, 51% and 49% respectively, by members Kolmar and Lard-PT. Ownership is governed by a comprehensive Third Amended and Restated Operating Agreement (the “Operating Agreement”), which creates a board of managers with general management authority, but requires unanimous consent for certain specified major decisions (“Reserved Matters”). The Operating Agreement contains a shotgun buy-sell agreement as a deadlock resolution mechanism: Section 10.2(a) defines the trigger as a failure of the CEOs of the two members to reach a resolution within 20 days of meeting to discuss the matters giving rise to the deadlock or breach. Section 10.2(b) gives either member the option to give notice to the other of its inten ....