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On the Menu: Steak and Equitable Dissolution | Farrell Fritz, P.C.

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Fine dining and business divorce crossed paths in a recently decided case featuring a lengthy battle between co-equal ownership factions of the corporation that operates
Delmonico’s, the renowned Manhattan restaurant established in the early 19th century and famous for its signature dish, the Delmonico steak, among other dining firsts.
Delmonico’s can now lay claim to another first, though not of the edible kind. Last month, a New York Supreme Court judge of the Manhattan Commercial Division entered final judgment granting “equitable dissolution” of the restaurant corporation known as Ocinomled Ltd. Delmonico spelled backwards and ordering the respondent shareholders who were found to have engaged in oppressive conduct to forfeit their stock holdings. ....

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Who Decides Disputed Valuation Under LLC Agreement's Buy-Out Provision: Arbitrator or Appraiser? | Farrell Fritz, P.C.

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It’s not unusual to find buy-out provisions in shareholder and operating agreements that commit the pricing of the buy-out to the “final and binding” determination of one or more appraisers. The same agreements also may include broad arbitration clauses.
So what happens when a dispute erupts over the appraisal process and the resulting appraisal? Does an arbitrator’s authority begin and end with a determination whether the appraisal process adhered to the agreement? Or can the arbitrator take it a step further, notwithstanding the agreement’s assignment of finality to the appraiser’s determination, by taking valuation evidence and awarding a buy-out price that differs from the one challenged? ....

New York , United States , Pricewaterhousecoopers Pw , Joseph Yakuel , Yakuelv Gluck , Katzv Feinberg , Justice Cohen , Andrew Gluck , Manhattan Commercial Division Justice Joelm Cohen , Agency Within , Court Decision , Repurchase Option , Fair Market Value , Manhattan Commercial Division Justice Joel , Dueling Petitions , Southern District , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பிரிசேவத்ேர்ொசெகூபேர்ச் ப்வ் , நீதி கோஹன் , ஆண்ட்ரூ க்லக் , நீதிமன்றம் முடிவு , நியாயமான சந்தை மதிப்பு , மன்ஹாட்டன் வணிகரீதியானது பிரிவு நீதி ஜோயல் , டூலிங் மனுக்கள் , தெற்கு மாவட்டம் ,