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assignment

Middletown Law Firm Lawsuit Raises Interesting Questions

Posted September 13, 2017

It’s not too often I get to blog about one of my favorite topics, limited liability litigation, in connection with a case involving a law firm.  Typically, law partners want to keep their partnership disputes out of court, at least in Connecticut.  But one case filed back in April involving a local law firm has heated up, and another was recently filed between the same parties.

Divorce Lawyers Pay Attention! Assignment of LLC Interests In Asset Division

Posted May 9, 2016

The Connecticut Supreme Court just held that a spouse who receives by assignment the other spouse's interests in an LLC, may not get much after all.  You can read the case here. Once upon a time when I handled domestic relations cases, I knew that one of the assets that might be equitably divided was a spouse's interests in a limited liability company. The value received is really the right to receive distributions of the LLC's profits, because the spouse is not automatically a member of the LLC.

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