by EHabbart | Jul 31, 2019 | Law Updates, LU19
In Plaze, Inc. v. Callas, C.A. No. 2018-0721-TMZ (Feb. 28, 2019), a buyer bought a corporation from a seller but not the production facilities. The buyer instead leased the production facilities from a lessor that was owned and controlled by the seller. Later, the...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In Glidepath Limited v. Beumer Corporation, C.A. No. 12220-VCL (Feb. 21, 2019), a seller sold an LLC in a 2-stage transaction. In the first stage, the buyer acquired 60% ownership in the LLC and took over management of the LLC’s operations. The buyer was required to...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In Inter-Marketing Group USA, Inc. v. Amstrong, C.A. No. 2017-0030-TMZ (Jan. 31, 2019), a unitholder brought a derivative suit against the general partner of a limited partnership and individuals who were allegedly in control of the general partner for breach of...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In A&J Capital, Inc. v. Law Office of Krug, C.A. No. 2018-0240-JRS (Jan. 29, 2019), a displaced manager of an LLC requested the Court to declare he had been improperly removed. According to the LLC agreement and a management agreement, he could be removed only...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In Fetch Interactive Television LLC v. Touchstream Technologies Inc., C.A. No. 2017-0637-SG (Jan. 2, 2019), a licensee sued to enjoin a licensor from canceling a license agreement. A provision of the license agreement prohibited the licensee from “tak[ing] any action...
by EHabbart | Jan 10, 2019 | Law Updates, LU19
In Zayo Group, L.L.C. v. Latisys Holdings, L.L.C., C.A. No. 12874-VCS (Oct. 26, 2018), a buyer sued a target for breaches of representations and warranties contained in a stock purchase agreement. During the drafting of the terms of the stock purchase agreement, the...
