Clause in Operating Agreement requiring unanimous approval trumps actual past practices that were not unanimously approved in compliance with that clause.

 A minority owner of an LLC prevailed against the majority owners who tried to dilute the minority owner's percentage ownership of the LLC by issuing additional membership interests without the minority owner's approval.

In Lengyel-Fushimi v. Bellis (Kings Supt. Ct. Index No. 512764/2021), the Court held that the...

Continue reading…
adr

Tips for a Successful ADR Mediation

Alternative Dispute Resolution is a procedure by which parties attempt to settle disputes without litigation. A common form of alternative dispute resolution is mediation. Mediation can be used in most non-criminal cases, including disputes involving leases, contracts, and small businesses. During mediation, the parties work cooperatively toward a fair resolution of their...

Continue reading…