What happens when a majority owner makes a bad-faith capital call?
Podcast: Fund Subscription Facilities: Key Considerations for Limited Partners
There is perhaps no provision in an LLC operating agreement more susceptible to abuse than one allowing those in control of the LLC to make mandatory capital calls. For one, that authority often comes with very few...more
The case of Shapiro v Ettenson ranks as one of the more consequential ones in the realm of New York’s LLC jurisprudence....more