by Staff of the Firm | Dec 1, 2016 | Business Management, Disagreement, Minority Shareholders, Multiple Owners, New York Law Update, Uncategorized
When Piazza filed a lawsuit seeking judicial dissolution of the company based on oppression, Gioia Jr. responded that the action triggered Piazza’s obligation to sell his shares under the shareholders’ agreement.[1] Indeed, the shareholders’ agreement provided that a...
by Staff of the Firm | Nov 29, 2016 | Business Management, Disagreement, Minority Shareholders, Multiple Owners, New York Law Update, Uncategorized
In Piazza v. Gioia,[1] Piazza and Gioia Sr. founded Kings County Waterproofing Corp. (KCWC) in 1979 and held 40% and 60% of the shares, respectively. Gioia Sr.’s son also worked for the company eventually became a 1/3 owner, along with his father and Piazza. Their...
by Staff of the Firm | Nov 22, 2016 | Business Management, Disagreement, Minority Shareholders, Multiple Owners, New York Law Update, Uncategorized
We write frequently about minority shareholder rights. Really frequently. We previously talked about Ritchie v. Rupe, a Texas Supreme Court case that made it harder for minority shareholders to bring lawsuits based on oppressive conduct by majority shareholders (see...
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...
