by Staff of the Firm | Dec 27, 2016 | Business Management, Delaware Law Update, Uncategorized
In Narayanan v. Sutherland Global Holdings, Inc.,[1] there were three documents that were relevant to Narayanan’s rights to indemnification and advancement of expenses. First, the company’s certificate of incorporation authorized indemnification and advancement...
by Staff of the Firm | Dec 13, 2016 | Business Management, Delaware Law Update, Uncategorized
Companies get sued all the time. Directors and officers often get named in lawsuits as those responsible for important corporate actions and are particularly vulnerable in that regard. For this reason, many companies offer their directors and officers liability...
by Staff of the Firm | Sep 8, 2016 | Deadlock, Delaware Law Update, Disagreement, LLC, Multiple Owners, New York Law Update, Uncategorized
In Mizrahi v. Cohen,[1] a dentist and an optometrist formed a limited liability company for the purpose of the construction and operation of a mixed-use building in which they intended to set up their respective offices. The two did not have an LLC agreement at the...
by Staff of the Firm | Sep 6, 2016 | Business Management, Deadlock, Delaware Law Update, Disagreement, LLC, New York Law Update, Uncategorized
In Saunders v. Firtel, as in Cline v. Grelock, the two business partners were close friends.[1] Firtel was the sole owner of a pharmaceutical sales corporation called Adco and Saunders was a sales representative for a medical supply company. In 1986, the two decided...
by Staff of the Firm | Aug 30, 2016 | Business Management, Deadlock, Delaware Law Update, Disagreement, LLC, New York Law Update, Uncategorized
In Cline v. Grelock,[1] the business partners were two lifetime friends who started a towing business called American Asset Recovery, LLC (“AAR”) d/b/a Hound Dog Recovery. To get the business rolling, Grelock and Cline personally guaranteed a bank loan for AAR to...
by Staff of the Firm | Aug 25, 2016 | Delaware Law Update, Partnerships, Uncategorized
Dieckman v. Regency GP LP[1] involved the acquisition of Regency Energy Partners LP (“Regency”) by an affiliated entity in a merger. Dieckman was a former unitholder of Regency. Dieckman claimed that Regency’s general partner (“GP”) favored the interests of its...
