New York has recognized the right of limited liability company members and managers to bring derivative claims – that is, claims belonging to the LLC – against other members or managers. But, the derivative plaintiff needs to beware of...
It just got harder to expel a member from a limited liability company. The New Jersey Supreme Court has held that the inability of the LLC’s members to agree on the terms of an operating agreement is not, in...
The New Jersey Supreme Court will consider the standards for expulsion of a member from a limited liability company.  The Court granted certification   in  IE Test, LLC v. Carroll, Docket NO. A-6159-12T4 (N.J. Super. App. Div., March 17, 2015)(see...
Was the limited liability company act supposed to eliminate basic principles of agency law? That seems to be the import of a decision by the Appellate Division of Superior Court in Castro v. Giacchi, Docket No. A-6220-12T2 (N.J. Super. App. Div. December 5, 2014)
Major new business divorce opinion clarifies that wrongful conduct not required to remove a member of New Jersey LLC when it is not reasonable to continue the business with that member

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