10Feb
Second Department Limits Plaintiff to Appraisal Remedy Under New York LLC Law After a Freeze-out Merger
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. Thus, the Court reduced the legal remedies for a minority LLC member that lacked protections in the operating agreement against the merger....
By:
Patterson Belknap Webb & Tyler LLP
Source Url: https://www.jdsupra.com/legalnews/second-department-limits-plaintiff-to-8952928/
Related
New York has become the second state, following California, to explicitly ban race-based hair discri...
Read More >
On August 6, 2019, the Utility Workers Union of America (UWUA) announced its partnership with The Po...
Read More >
New measures enacted for the purpose of protecting the Spanish economy amid the COVID-19 crisis may ...
Read More >
Toledo, Ohio recently joined the growing number of nationwide jurisdictions to pass local ordinances...
Read More >
Where does creativity fit into compliance? In more places than you think. Problem-solving, accountab...
Read More >
An employee sued her former employer alleging that she was unlawfully terminated under federal law. ...
Read More >