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Daily Archives: Monday, January 11, 2021

Posted: January 11, 2021

Shareholder of Dissolved LLC Has Standing to Bring Derivative Action

On December 9, 2020, Justice Emerson of the Suffolk County Commercial Division issued a decision in Mari v. Quatela, 2020 NY Slip Op. 34274(U), holding that a shareholder in a dissolved limited liability company has standing to bring a derivative action, explaining: The remaining allegations, that the individual defendants diverted firm monies and assets to... Read more »