Key Takeaways: When to Seek Judicial Dissolution of an LLC What is Judicial Dissolution? A court-ordered termination of an LLC when voluntary dissolution is not an option. When Should You Seek It? Deadlock among members preventing essential business decisions. Conflicts that make business operations impossible. Fraud, oppression, or…
The failure of the parties to submit evidence on an issue during arbitration caused a failure to decide all of the issues of the dispute. A Court may modify an arbitration award rather than vacate and permit partial enforcement while permitting litigation of claims were not included in an arbitration…
Removal of LLC Member May Be ‘Prospective’ Conduct In what is probably the most significant appellate decision involving New Jersey limited liability companies in a decade, the Appellate Division held that wrongful conduct is not required to expel a member from the LLC, nor is the member entitled to…