Tzolis v. Wolff, N.Y. Slip Op. NO. 01260 (N.Y. February 14, 2008)
Date: 02/20/08On February 14, 2008, a sharply divided New York Court of Appeals decided Tzolis v. Wolff, which held that members of a limited liability company ("LLC") may bring derivative suits on the LLCs behalf, even though there are no provisions governing such suits in the Limited Liability Company Law ("LLC Law").
022008- Tzolis v Wolff allows derivative suits against NY LLCs.pdf (pdf | 46.06 KB )