AI tools promise to revolutionize due diligence by processing thousands of documents in hours, but their polished outputs can mask critical errors that human reviewers might miss. From hallucinated contract provisions to cross-reference blindness, understanding these hidden risks is essential for founders, investors, and counsel navigating high-stakes transactions.

According to a recent report from the Office of the New York State Comptroller, three million New York households are living in housing insecurity...

The Schedule K-1 is a tax form that pass-through entities use to report each owner’s share of the entity’s income, deductions, credits, and other tax items. It is also one of the great rock stars of business divorce...

"Down the ridiculous rabbit hole," "magical math," "smoke and mirrors," "sixteen-year charade." That's how the plaintiff's post-trial brief in Becker v Perla described the defendant's reverse-field disavowal...

When representing fiduciaries in litigation that estate and trust beneficiaries commence, my Farrell Fritz, P.C. colleagues and I seek to limit the fiduciaries' exposure to liability.

Potential client sits down with business divorce lawyer and says, "I'm a minority shareholder in XYZ Corp. I've been completely frozen out by the majority.

It enters the winding-up phase, where the corporation must "proceed to wind up its affairs...

The shareholder oppression claim under BCL 1104-a has a unique relationship with claims for money damages.

Do New York's Surrogate's Courts have jurisdiction to compel an accounting related to a non-party limited liability company in which the decedent's estate has only a minority interest?

In my experience, most operating agreements of New York LLCs include a provision barring amendments unless made in writing and executed...

Over the years I've become less enamored with arbitration as an alternative to litigating complex business cases in court, mostly because the traditional trade-off between abundant due process protections (court) versus expediency and cost savings (arbitration) has eroded ...

I am increasingly encountering businesses that straddle across several different entities, especially LLCs.

Frequent readers of this blog know that we are not shy in acknowledging the Commercial Division's status as the leading forum for resolving complex business disputes.

New York law generally requires that, to have a will admitted to probate, a party offering the will for probate must file the original instrument with the Surrogate's Court...

This week's New York Business Divorce takes us to the Garden State for a delightfully-written, post-trial decision by retired, recalled Appellate Division Judge Clarkson S. Fisher, Jr.

Earlier this year, using as a springboard the Maryland intermediate appellate court's decision in Eastland Food Corp. v Mekhaya...

Section 626 of New York's Business Corporation Law governs standing to sue derivatively in New York. It states that "an action may be brought in the right of a domestic...

We often remark anecdotally that disputes over ownership status—whether one is or is not an owner—seem far more common in the context of LLCs than corporations.

Litigation over who is—and who is not—a member of a limited liability company has become a defining feature of LLCs. The ease with which parties form LLCs, coupled with the informality...

In valuation disputes, the Discount for Lack of Marketability rarely behaves. Courts disagree about it, lawyers and experts litigate it to exhaustion, and business divorce cases often see seven-figure...