'Thunder on the Niagara' returns to North Tonawanda's Gratwick Park
The Niagara Frontier Boat Racing Association and Hydroplane Racing League of Canada are pleased to announce this years
Source: wnypapers.com
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And Another Lender Blocking Provision Bites the Dust, Texas Bankruptcy Court Rules | Kramer Levin Naftalis & Frankel LLP
One feature commonly seen in commercial lending transactions is a waiver of the borrower’s authority to file for bankruptcy without the consent of the lender. While such “blocking”...
United States New York Company Agreement The Texas Debtor Amended Company Agreement Company Agreement Bankruptcy Court
Source: jdsupra.com
Second Department Limits Plaintiff to Appraisal Remedy Under New York LLC Law After a Freeze-out Merger | Patterson Belknap Webb & Tyler LLP
In Farro v. Schochet, the Second Department recently held that §1002 of the NY LLC Law restricted a dissenting member’s remedy to an appraisal for the fair value of his interest in the business after a freeze-out merger.[1] Thus, the Court reduced the legal remedies for a minority LLC member that lacked protections in the operating agreement against the merger. Background on Freeze-out Mergers and Appraisal Remedy A freeze-out merger typically involves controlling member(s) forcing minori...
Source: jdsupra.com