Miscellaneous Cases

Can Creditors File A Derivative Action Against Limited Liability Company?

09/08/11

In CML V, LLC v. Bax, No. 735, 2010 (Del. Supr. Sept. 2, 2011) (click here for .pdf of opinion), the Delaware Supreme Court addressed the questions of whether a creditor can file a derivative action against a limited liability company.   Plaintiff CML asserted the following derivative claims against the present and former members of JetDirect Aviation Holdings, LLC:

[more]

Can Creditors File A Derivative Action Against Limited Liability Company?

09/08/11

In CML V, LLC v. Bax, No. 735, 2010 (Del. Supr. Sept. 2, 2011) (click here for .pdf of opinion), the Delaware Supreme Court addressed the questions of whether a creditor can file a derivative action against a limited liability company.   Plaintiff CML asserted the following derivative claims against the present and former members of JetDirect Aviation Holdings, LLC:

[more]

Assignments of Trademarks in Bankruptcy - Judge Posner and 7th Circuit Provide Answer

09/07/11

The Seventh Circuit Court of Appeals has issued the first published Circuit Court opinion on the question of whether trademarks are assignable in a Bankruptcy case.  The opinion, authored by Judge Posner, is in the case of In re XMH Corp., Nos.

[more]

Assignments of Trademarks in Bankruptcy - Judge Posner and 7th Circuit Provide Answer

09/07/11

The Seventh Circuit Court of Appeals has issued the first published Circuit Court opinion on the question of whether trademarks are assignable in a Bankruptcy case.  The opinion, authored by Judge Posner, is in the case of In re XMH Corp., Nos.

[more]

Business Owners: When Can You Decline Employment To Applicant With Previous Bankruptcy Filing

04/22/11

With the economy and unemployment figures as they are today, many businesses find they have many more applicants for a job opening.  This means employers may look for more ways to filter the resumes before the final rounds of interviews.  Should a personal bankruptcy filing in the applicant's past be considered in employment decisions?

[more]

Business Owners: When Can You Decline Employment To Applicant With Previous Bankruptcy Filing

04/22/11

With the economy and unemployment figures as they are today, many businesses find they have many more applicants for a job opening.  This means employers may look for more ways to filter the resumes before the final rounds of interviews.  Should a personal bankruptcy filing in the applicant's past be considered in employment decisions?

[more]

Lawsuits Being Flying Against Officers, Directors, Insiders And Professionals Of Failed Banks

02/26/11

The State of Georgia is among the national leaders in banks closed by state and federal agencies.  So far in 2011, six Georgia banks have been closed, with the latest two being Habersham Bank and Citizens Bank of Effingham.  Since late 2008, when the banking crisis hit, a total of fifty seven Georgia banks have been closed.  Friday afternoons have become a death watch in the Georgia banking industry, as closings are generally announced on Friday after

[more]

Lawsuits Being Flying Against Officers, Directors, Insiders And Professionals Of Failed Banks

02/26/11

The State of Georgia is among the national leaders in banks closed by state and federal agencies.  So far in 2011, six Georgia banks have been closed, with the latest two being Habersham Bank and Citizens Bank of Effingham.  Since late 2008, when the banking crisis hit, a total of fifty seven Georgia banks have been closed.  Friday afternoons have become a death watch in the Georgia banking industry, as closings are generally announced on Friday after

[more]