New Connecticut Law Adds Additional Grounds to Kick Out Member of an LLC
Here’s a common scenario I see as an attorney handling business disputes: Four members start an LLC to engage in business together. They all get along as friends, colleagues, or business associates. Lets call the hypothetical business Harmony LLC. When they start Harmony, each person has an assigned role with ownership of 25% of the company. […]
Can You Seek Damages if You Lose Business Based on an Opponent’s Conduct During Litigation?
Ordinarily, if someone acts in bad faith, or with malice, and interferes with a contract causing lost profits, a party can potentially bring a claim in court for tortious interference with contractual relations. However, the claim is likely unavailable if the basis for the claim arises from a pending litigation case. For example, assume you […]
You Must Prove Damages With Reasonable Certainty In Business Lawsuits
Determining if you have provable damages is often the first step in analyzing whether to pursue a business lawsuit as a shareholder, partner, or member of a limited liability company. Likewise, if you have been sued as a result of a partnership or shareholder dispute, reviewing the exposure or possible damages you face is an […]
Lost Profit Damages in Connecticut for New Business Ventures
When business lawyers evaluate the merits of bringing a lawsuit, one of the first questions to ask a client should be "what are the damages?" Many times, in business litigation cases, business owners want to seek recovery of lost profits with a very optimistic view of what is recoverable in a case. In such cases, [...]“I Don’t Want To Be Your Partner Anymore” …. Can That Statement End A Partnership?
After 5 years of litigation, two appeals, and one trial, the answer is…….Yes, that statement can constitute a valid offer to end a Connecticut partnership between two feuding sisters who had agreed in writing to split lottery winnings. The story of the feuding sisters has been covered by Alaine Griffin at the Hartford Courant and the local news stations (NBC CT; CBS NEWS). According to yesterday’s […]
Connecticut Supreme Court Confirms Expulsion Is Available Remedy In Partnership Dispute
In an issue of first impression, the Connecticut Supreme Court confirmed that partnerships can expel a partner rather than dissolve when there is a breakdown of the business of the partnership. The case is Brennan v. Brennan Associates, et al. The official opinion will be released on August 18, 2009, but the advanced opinion already was released online. […]