Richard I. Janvey, a partner at Diamond McCarthy, and Joan M. Secofsky, senior counsel at the firm, analyze a recent ruling in which the Appellate Division, First Department, limited the scope of indemnification rights under the LLC Law, rejecting payment of "fees on fees" unless expressly required under the applicable operating agreement.
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Scope of Indemnification Rights Under LLC Law Limited
New York Law Journal
October 1, 2012
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