Probably the most litigated issue in my practice involves the expulsion of a member of a limited liability company in response to some wrongful conduct or breach of the operating agreement. We represent majority owners when they are trying...
A claim that one of the members has misappropriated assets of a limited liability company and ousted the other member from management is a "quintessential breach" of the fiduciary duties that may exist in a closely held business. It...
We often think of the dissociation of a member from a limited liability company as a matter of expulsion. The majority typically wants to expel a problematic minority member from the LLC. But one can also dissociate themselves by resigning...
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...
In the area of law governing limited liability companies, the question of just how difficult it is to break up a business turns on the statute at issue, and whether it permits irreconcilable business divorces

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