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Stoel Rives LLP | USA | 14 Nov 2011

New York LLC derivative suit fails for so many reasons

Judge Karas thoroughly dissects the plaintiff’s derivative and other claims in Cordts-Auth v. Crunk, LLC, No. 09-CV-8017, 2011 U.S. Dist. LEXIS 109600 (S.D.N.Y. Sept. 27, 2011).


Stoel Rives LLP | USA | 26 May 2010

Who are the owners of an LLC?

A lender took an assignment of a 25 interest in an LLC in exchange for the lender's cancellation of the LLC's debt, but the lender was never admitted as a member.

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