NYC Passes Rule Forcing Airbnb to Disclose Host Information
- Sep 3 2018
It’s official. New York City has passed a law, 45-0 in a city council vote, which is designed to help enforce existing rules that ban short-term rentals. The new law …
Category: Business Law
Court Holds That Disputes Between Members are Not Sufficient to Dissolve an LLC
- Jul 6 2018
Family-run businesses are very common in the commercial world. In fact, according to recent studies, more than one-half of all U.S. companies are family operated. Think of mom and pop …
What Rights Do I Have As A Shareholder In A Private Company?
- May 7 2018
A shareholder is a part owner of a company. While many people understand this very basic concept in business matters, they may not realize what kinds of rights and responsibilities …
Despite The Festive Use Of Colorful Felt, Pine Cones And A Glue Gun, Martha Stewart Living Omnimedia, Inc. Is Denied Summary Judgment – Implied Covenant Of Good Faith And Fair Dealing Be Damned
- Apr 12 2018
Sometimes in litigation, the facts get in the way of the desired results. Such was the case for the defendant in Age Group, Ltd. v. Martha Stewart Living Omnimedia, Inc. …
New York Court Of Appeals Rules On Appropriateness Of Discovery From “Private” Facebook Account
- Feb 16 2018
The New York Court of Appeals rules that a litigant must produce information from her Facebook account notwithstanding her chosen “privacy” settings. The plaintiff in Forman v. Henkin (February 13, …
Breaking Up Is Hard To Do: Court Denies Motion To Dismiss Action For Dissolution Of An LLC
- Jan 15 2018
Under Section 702 of New York’s Limited Liability Company Law (“LLCL”), a court sitting in the judicial district in which the office of the company is located may dissolve the …
Main Street Investors Are The Target Of A $1.2 Billion Ponzi Scheme
- Jan 10 2018
Ponzi schemes remain a familiar and unfortunate risk for investors. Because Ponzi schemes purport to offer high returns with little or no risk, and rely on inflated credentials of a …
Are Mandatory Arbitration Clauses Bad Policy and Bad for Business? A Look At The Pros and Cons
- Jan 2 2018
Should Your Business Contracts Contain Mandatory Arbitration Clauses? Mandatory arbitration clauses have increased in popularity in recent years and are now part of most business contracts. While arbitration clauses are not …
The Second Department Denies Summary Judgment To Another Foreclosing Mortgagee Due To The Insufficiency Of Evidence Presented On The Motion
- Dec 28 2017
A recent blog post entitled: “Appellate Division, Second Department Tells Foreclosing Residential Lender to ‘SHOW ME THE EVIDENCE,’” cautioned foreclosing mortgagees that evidence in admissible form must be submitted to …
Court Holds No Breach Of Implied Covenant Of Good Faith And Fair Dealing Where Defendant Does Not Thwart The Performance Of The Contract
- Sep 5 2017
Implicit in every contract is a covenant of good faith and fair dealing. New York Univ. v. Continental Ins. Co., 87 N.Y.2d 308, 318 (1995). “The covenant is breached where …
