Case Studies in Closely Held Company Disputes
Iowa Court of Appeals Considers “Classic” Business Divorce In Non-Profit Context
Iowa Court of Appeals Considers “Classic” Business Divorce In Non-Profit Context…
Supreme Court Of Connecticut Addresses Derivative And Direct Standing Issues For LLC Members
The Supreme Court of Connecticut recently decided two matters of first impression regarding direct and derivative standing for members of an LLC. Saunders v. Briner, 334 Conn. 135 (2019).…
Maine Supreme Court Finds Fraud Claim Available Where LLC Members Execute Operating Agreement With No Intention To Perform
Maine Supreme Court Finds Fraud Claim Available Where LLC Members Execute Operating Agreement With No Intention To Perform…
South Dakota High Court Sets a High Bar for Judicial Dissolution of an LLC
South Dakota High Court Sets a High Bar for Judicial Dissolution of an LLC…
Illinois Appellate Court Holds That Partnership Theory Won’t Travelon Against Groupon
Illinois Appellate Court Holds That Partnership Theory Won’t Travelon Against Groupon…
Illinois Third District Holds That General Five-Year Limitations Period Does Not Apply to Court-Ordered Buyouts Under the Business Corporations Act
Illinois Third District Holds That General Five-Year Limitations Period Does Not Apply to Court-Ordered Buyouts Under the Business Corporations Act…
Federal Court Solidifies Exception to Rule that More Stringent Standard Applies to Veil-Piercing Relating to Breach of Contract Claims in Illinois
Federal Court Solidifies Exception to Rule that More Stringent Standard Applies to Veil-Piercing Relating to Breach of Contract Claims in Illinois…
Mississippi High Court Holds Administratively Dissolved Corporation Cannot Continue Suit It Brought While In Good Standing
In Wayne Johnson Electric, Inc. v. Robinson Electric Supply Co., 266 So.…
District Court Underscores the Importance of Suing the Correct Party in Action for Recovery of Distributional Interest
District Court Underscores the Importance of Suing the Correct Party in Action for Recovery of Distributional Interest …
Illinois First District Relies on Century-Old Precedent to Hold that Corporate Directors Have Presumptive Right to Inspect Corporation Books and Records
Illinois First District Relies on Century-Old Precedent to Hold that Corporate Directors Have Presumptive Right to Inspect Corporation Books and Records…