Is FDIC v. Van Dellem California’s Smith v. Van Gorkom?

Last Friday, the jury in FDIC v. Van Dellem (C.D. Cal. Case No.

Filed under:
USA, California, Banking, Insolvency & Restructuring, Litigation, Allen Matkins Leck Gamble Mallory & Natsis LLP, Business judgement rule, Substantive law, Choice of law, Federal Deposit Insurance Corporation (USA), Office of Thrift Supervision
Authors:
Keith P. Bishop
Location:
USA
Firm:
Allen Matkins Leck Gamble Mallory & Natsis LLP
Dissolution does not preclude entry of default judgment against Nevada Corporation(?)

Stephens Media, LLC is the publisher of the Las Vegas Review-Journal.  In 2009, Stephens Media filed a lawsuit in the U.S. District Court against Citihealth, L.L.C. alleging a variety of trademark related claims.  Citihealth failed to respond to the suit and Stephens Media filed a motion for a default judgment.  One of the co-owners of Citihealth then notified the court that Citihealth had dissolved and that he and the other co-owner filed for personal bankruptcy.  In ruling on the motion, U.S.

Filed under:
USA, Insolvency & Restructuring, Litigation, Trademarks, Allen Matkins Leck Gamble Mallory & Natsis LLP, Bankruptcy, Limited liability company, Default judgment
Authors:
Keith P. Bishop
Location:
USA
Firm:
Allen Matkins Leck Gamble Mallory & Natsis LLP
Failure to determine board meeting formalities leads to six figure court sanctions against attorney

The fundamentals of corporate action can seem about as interesting as flossing.  Yet, the failure to attend to either is likely to result in unpleasant consequences as one lawyer recently discovered in Winterton v. Humitech of No. Cal., LLC, 2011 Bankr. LEXIS 4164 (9th Cir. BAP 2011).

Filed under:
USA, Insolvency & Restructuring, Legal Practice, Litigation, Allen Matkins Leck Gamble Mallory & Natsis LLP, Shareholder
Authors:
Keith P. Bishop
Location:
USA
Firm:
Allen Matkins Leck Gamble Mallory & Natsis LLP