Anthony Ostlund CEO and shareholder, Janel Dressen, and shareholder, Cory Olson, will be presenting on Information Rights and the Escalation of LLC Owner Disputes. This session focuses on how disputes over access to company information in LLCs often serve as the first stage of broader ownership conflicts. This module examines books-and-records requests, why such requests are often a prelude to litigation, and why disputes over financial transparency often escalate into broader fights in closely held businesses. Key Topics: Books-and-records requests as omens of litigation Information access and its role in control dynamics How and why transparency disputes often escalate into fiduciary-duty claims Common breakdown points in LLC operating agreements Transition from governance issues to litigation in closely held entities The live broadcast is on June...
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July 10, 2016 Attorney At Law Magazine - Minnesota Edition Author: Janel M. Dressen With the enactment of Minnesota’s Revised Uniform Limited Liability Company Act, new limited liability companies (LLCs) (and effective as of Jan. 1, 2018, existing LLCs) are no longer governed by a single board-managed governance structure. Does that matter? In answering this question, I am reminded of the children’s fable, “The Three Little Pigs.” As it turned out, the...
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