A string of emails evinces two limited liability company (LLC) members’ brazen freeze-out of the LLC’s third member. Although courts have the authority under the Limited Liability Company Act to order either the LLC or the oppressing member(s) to purchase ...Read More »
The appellant-club members allege that they sought to concede their golf club membership, as the respondent-club had allowed other members to do, but the club refused to allow appellants to concede their membership. The circuit court treated the determination of ...Read More »
Plaintiff opened an access door to an elevator in her condominium building, stepped through the door, and fell down the elevator shaft because the elevator, which had been installed by defendant Colson Electric & Elevators, Inc., was not at ...Read More »
Corporate – Records Inspection – Georgia Corporation – First Impression – Civil Practice – Personal Jurisdiction – Corporate Officer
When a shareholder wishes to inspect and copy corporate records, statutes in both South Carolina and Georgia direct plaintiffs to apply to the state court in the county where the corporation has its corporate office, or is registered. Nevertheless, if ...Read More »
The dismissal of a parole officer’s discrimination claims was upheld, because they were filed under the Rehabilitation Act, which is governed by the two-year statute of limitations in the Maryland Fair Employment Practices Act rather than Maryland’s three-year statute ...Read More »
The plaintiff-country club’s membership documents – both at the time defendants joined and at the time they resigned – required resigning members to continue paying dues and other amounts until their membership was reissued. Since the Nonprofit Corporation Act also ...Read More »
Plaintiff Scott alleges that, in return for his efforts in arranging defendant Catawba Valley Brewing Company’s purchase of another brewing company, he was promised both the opportunity to buy stock in Catawba and a consulting contract with Catawba. Where Scott ...
Tagged with: Tort/NegligenceRead More »
The plaintiff-country club’s membership documents – both at the time defendants joined and at the time they resigned – required resigning members to continue paying dues and other amounts until their membership was reassigned. Since the Nonprofit Corporation Act also ...
Tagged with: NonprofitRead More »
When a company’s assets are purchased, the fact that the buyer continues the predecessor company’s operations with the same officers is not enough to hold the successor corporation liable for the predecessor company’s liabilities. We reverse the Court of Appeals’ ...
Tagged with: Asset purchaseRead More »
Corporate – Shareholders’ Derivative Complaint – Demand on Directors – Futility – Directors’ Liability
Where the plaintiff-shareholders allege that the defendant-directors (1) caused nominal defendant SCANA Corp. to make misleading statements, (2) approved “incentive award” pay for SCANA’s officers despite SCANA’s nuclear project being in jeopardy, and (3) failed to ensure that SCANA’s filings ...
Tagged with: FutilityRead More »