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
Related
Seyfarth Synopsis: Recently the U.S. House of Representatives passed a bill with bipartisan support ...
Read More >
The New Jersey Department of Labor and Workforce Development (DOL) has issued the final regulations ...
Read More >
Employers often confront the question of whether employees can be disciplined for using social media...
Read More >
Now more than ever, employers are using social media to screen job applicants. According to a 2018 s...
Read More >
What Happened - On December 15, 2020, the Federal Deposit Insurance Corporation (FDIC) adopted a f...
Read More >
Last week, the United States Department of Labor (“DOL”) announced a rule clarifying the types of ...
Read More >