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
The COVID-19 pandemic hit Chinese M&A hard in Q1, but the second quarter has already witnessed a rem...
Read More >
Let’s face it – your dealership’s employee handbook is likely out of date, even if you just updat...
Read More >
On January 9, 2020, in one of the more significant environmental proposals of the current administra...
Read More >
Businesses at different levels in the supply chain of a product choose to merge (“vertical mergers,...
Read More >
I’ve been an ERISA attorney for 21 years, so like the J.K. Simmons character in the Farmers Insuran...
Read More >
Romanian government details UK citizens’ residence, employment and travel rights in case of a no-de...
Read More >