November 12, 2014
Three Schlam Stone & Dolan victories were in the top ten New York business divorce cases of 2010, according to www.nybusinessdivorce.com, a respected web blog on New York law regarding disputes between business owners. These were: (1) a New York County Commercial Division case where the judge dismissed a lawsuit brought by a former managing member of a New York LLC, finding as a matter of law that the plaintiff had been properly expelled for cause; (2) an Appellate Division Second Department case holding that courts may not expel a New York LLC member unless language in the LLC's operating agreement permits; and (3) an Appellate Division First Department order granting leave to appeal to the Court of Appeals on issues relating to the fiduciary duties of LLC organizers, and to New York's Martin Act.
Coverage of the case can be found here:
- New York Business Divorce Blog, published on December 26, 2010