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Amendments to New Jersey Statute limit shareholder derivative suits

USA - July 2 2013 On April 1, 2013, New Jersey's provisions governing shareholder derivative proceedings were significantly revised in an effort to make the state more…

Karen A. Denys, Matthew Barndt, Monica Wahba, Vincent E. Gentile.

Creditors Find Piercing the Corporate Veil is Not So Easy

USA - February 9 2017 Creditors of judgment-proof corporate entities often seek to “pierce the corporate veil” between the entities and their principals in hopes of finding…

A partnership in name only?

USA - February 23 2010 Business relationships often arise informally, without reliance on formal documents or even consistent practices by the participants that would clearly reflect their arrangement.

Madoff’s victim’s estate not entitled to tax refund on alleged worthless asset

USA - July 2 2013 New Jersey's Appellate Division has overturned a Tax Court decision and held that the estate of a Madoff victim who died in 2006 may not claim a tax…

Karen A. Denys, Matthew Barndt, Monica Wahba, Vincent E. Gentile.

Appraisal performed under LLC operating agreement can be reviewed by court for factual and procedural flaws

USA - July 2 2013 The New Jersey Appellate Division has recently held that a court may review the appraisal performed under an LLC operating agreement to determine the…

Karen A. Denys, Matthew Barndt, Monica Wahba, Vincent E. Gentile.