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It's been many years since our last pop quiz for all you business divorce aficionados. Time for another. See how many you get right before you read the answers...

When employees leave a startup, they typically have just 90 days to exercise their vested stock options or lose them forever—a deadline that can force departing team members to forfeit equity they genuinely earned if they cannot afford the exercise price and tax bill. Some high-profile companies have responded by extending this window to seven or even ten years, but does this employee-friendly gesture create unintended consequences for cap tables, tax treatment, and the employees who stay?

Under CPLR 7502(c), a court in "the county in which an arbitration is pending…[is permitted to] entertain an application…for a preliminary injunction in connection with an arbitration...

The board of directors of any Delaware corporation proposing to merge is required under Delaware law to adopt a resolution approving the merger agreement.

How far can a CEO go in diverting a company’s most valuable assets to entities controlled by his spouse before the courts call it what it is: fraud? Paley v. Curious Holdings, LLC, 2026 NY Slip Op 50829(U) (Sup Ct NY County May 11, 2026) answers that question.

Closely held corporations typically elect to be treated as S Corporations because doing so allows their shareholders to continue to have the legal benefits of operating in corporate form...

In a typical bull market, private equity sponsors exit out of portfolio assets through IPOs, strategic sales and sponsor-to-sponsor buyouts.

My colleague Matt Donovan recently wrote about the requirements of Commercial Division Rule 13(c) and highlighted certain decisions in which expert reports....

Members of the baby-boomer gener­ation who have reached or passed retirement age continue to divest from their closely-held businesses as part of an overall wealth planning strategy.

Recent Surrogate's Court decisions in New York have begun granting access to deceased individuals' electronic communications, marking a potential shift from the restrictive approach courts have taken since 2016.

There's a ton of Delaware caselaw enforcing Section 18-1101 (c) of that state's LLC Act as amended in 2004, authorizing LLC agreements to eliminate the members' and managers' liability...

California lawyer and publisher of The LLC Jungle blog, Kevin Brodehl, recently posted about an interesting decision earlier this month by a California intermediate appellate court in a case called Meads v Driggers.

Put on your Member B hat in the following not-so-hypothetical fact pattern...

New York law generally does not favor non-compete agreements, viewing them as unreasonable restraint of trade.

Having counseled investors through dozens of venture transactions in New York and beyond, I can say with confidence that due diligence isn’t a checkbox exercise.

Before 2013, issuers were prohibited from using any means of general solicitation or advertising when raising capital in the private markets.

If you’ve raised a pre-seed or seed round in the past few years, you likely did it through a SAFE (Simple Agreement for Future Equity). And if the early investor pushed back on your valuation cap, or you didn’t want to set one yet, you may also have agreed to a “Most Favored Nation” clause, usually called an MFN.