In Meltzer v. Kentucky Hi Tech Greenhouses LLC, 2023 N.Y. Misc. LEXIS 160, the Manager of a Kentucky LLC filed a lawsuit in New York against the LLC to recover unpaid wages purportedly owed to the Manager by the Kentucky LLC. The LLC moved to dismiss the lawsuit...
Category: Business entity developments
FinCEN Issues Final Rule for Beneficial Ownership Reporting
In Gerzog v. Goldfarb, 206 A.D.3d 554, 171 N.Y.S.3d 477, 2022 N.Y. Slip Op. 4120 (N.Y. App. Div. 2022), the Court found that an accountant owes a fiduciary duty to a client if the accountant knew of and concealed illegal acts and diversions of funds by one partner of the client (partnership)...