indicted for fraud, and the SEC sued Management, Nordlicht and others for violating the federal securities laws The Court explained that “until the lawsuit was filed, the Katzes and Fuchs were not adversaries, and question of what constitutes reasonable reliance is not generally a question to be resolved as a matter of law Nordlicht and other members of Management in connection with the bribery scheme and the securities laws Takeaway As the title of this post indicates, MDK involved several claims and related principles of law

New York’s Business Corporation Law (“BCL”) provides shareholders owning 50% or more of a corporation Matter of Klein Law Group, P.C. , 134 A.D.3d 450 (1st Dept. (2015) (quoting Matter of the Dissolution Contact a business litigation lawyer in NYC about your case.

See generally , Business Corporation Law (“BCL”) §§ 1301-1320 (corporations), Limited Liability Company Law (“LLCL”) §§ 801-809 (limited liability companies), Not-for-Profit Corporation Law §§ 1301-1321 ( not-for-profit corporations), and Partnership Law § 121-901 - 121-908 (limited partnerships). that it had standing because it qualified as a “foreign investment corporation” under New York Banking Law Takeaway Under New York law, a foreign business entity – that is, a business entity formed under the

Article 52 of the Civil Practice Law and Rules provides the enforcement mechanisms that judgment creditors

agreement . . . erely charging a breach of a ‘duty of due care,’ employing language familiar to tort law or extraneous to the terms of the parties’ agreement, a cause of action sounding in fraud does not lie or extraneous to the terms of the parties’ agreement, a cause of action sounding in fraud does not lie Under such circumstances, said the Court, a fraud claim does not lie. Id. or extraneous to the terms of the parties’ agreement, a cause of action sounding in fraud does not lie

Third, Plaintiff could not allege reasonable reliance on Lise as to the immigration law questions. Nothing prevented plaintiff from seeking the advice of an immigration lawyer, noted the motion court.

a virtual office is insufficient to satisfy the requirements of section 470 of New York’s Judiciary Law attorney and counsellor, in the courts of record of this state, whose office for the transaction of law determined that “the constitutionality of the statute was dependent upon the interpretation of the law attorney admitted to practice in New York State, but residing out of state, “to maintain a physical law Similarly, in Law Office of Angela Barker v. Broxton, ____ Misc.3d ____, 2018 Slip Op.2816 (App.

In our last post ( here ), we examined the Statute of Frauds – General Obligations Law § 5-701 through

fact, not merely misrepresentations of future intent to perform under a contract. 8 Under New York law These allegations included, among others, presenting “projections” that turned out to be “out of line

Prior to Pasternack , federal courts applying New York law and the Appellate Division Departments had

The New York Court of Appeals has described as “familiar and eminently sensible,” the proposition of law

The SEC charged Praxsyn and Brady with violating the antifraud provisions of the federal securities laws