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Tag Archives: Business

Absent net earnings, LLC distributions were improper (access required)

Investor-members of a dissolving LLC were liable for the return of a large distribution made irrespective of the LLC’s losses on its investments. Background In December 2007, Meritage Fund I LLC — of which Plaintiff Williamson Equity Partners LLC is ...

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NASA contractor’s trade-secrets suit proceeds (access required)

The court denied Defendant Orbital ATK Inc.’s motion to dismiss several claims related to trade secrets and computer crimes, arising from its employee accessing Plaintiff Space Systems/Loral LLC’s proprietary information on a NASA server used by both companies. Space Systems ...

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“Hate group” designation not commercial speech (access required)

A philanthropy guide’s publication of the Southern Poverty Law Center’s “hate group” designation for Plaintiff Liberty Counsel is not grounds for liability under the Lanham Act, the court held. Liberty Counsel is a nonprofit education, advocacy, and legal defense organization ...

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Distinct proof standards for successor-liability theories (access required)

In prior litigation, Plaintiff La Bella Dona Skin Care Inc. won a substantial aggregate judgment against its former employees (judgment debtors) and their new, competing business, Bon Air Med Spa LLC. The judgment debtors were represented by the law firm ...

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Members’ Acts Ratified by Corporate Conduct (access required)

Certain corporate members’ management of a construction project was ratified by sufficient other members, according to majority rule as defined in the corporate operating agreement. Claims challenging such ratified conduct were dismissed. The parties are joint venturers who formed a ...

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