A board of county supervisors lacked authority to dissolve an emergency medical service’s corporate status and distribute its assets. The service was a private nonstock corporation, rather than being established under the statute granting the county board the power to ...

Tagged with: Corporations Justice Cleo E. Powell Supreme Court of Virginia

The circuit court erred in in dismissing the plaintiff’s derivative action on the ground that the plaintiff had failed to first make a demand for the limited liability company to take action. No such demand is required when it would ...

Tagged with: Business Law Corporate Corporations Justice Stephen R. McCullough Real Estate Real Property Supreme Court of Virginia

A settlement agreement allegedly procured by the defendant’s “debt negotiator” will not be enforced, and the defendant must produce responsive documents in compliance with the court’s most recent discovery order. Background Plaintiff Innotec LLC sued Defendant Visiontech Sales and its ...

Tagged with: Attorneys Business Law Civil Practice Contract Corporate Corporations Discovery Judge Glen E. Conrad U.S. District Court - Western District

Rather than construing an ambiguous tax statute against the Commonwealth, the “add-back” statute intended to close a loophole – wherein a corporate entity pays royalties to an affiliated intangible holding company – required a national retail store to count such ...

Tagged with: Administrative Business Law Corporations Justice William C. Mims Supreme Court of Virginia Taxation

Lawyers who won $9.4 million for an aircraft manufacturer burned in a merger deal also scored what may be a record fee award in Virginia courts. In her last court hearing as a Fairfax County circuit judge, now-Supreme Court Justice ...

Tagged with: Corporations Fairfax County Circuit Court Judge Jane Marum Roush Million-Dollar Verdicts

In aircraft manufacturer Airbus Americas’ suit demanding indemnification for defendant Metron’s alleged breaches of contract related to Airbus’ acquisition of Metron Holdings in 2011, a Fairfax Circuit Court awards Airbus $9.4 million in damages. Defendants include Shareholder Representative Services LLC, ...

Tagged with: Corporations Fairfax County Circuit Court Judge Jane Marum Roush Million-Dollar Verdicts Virginia Circuit Courts