Ficus Investments, Inc. v. Private Capital Management, LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Lippman, P.J.
This action arises out of allegations that Thomas Donovan and other named defendants misappropriated millions of dollars in funds and assets from plaintiff Private Capital Group, LLC. There have been extensive pretrial proceedings, and the parties are appealing four orders granting various forms of relief. The primary issue we address is whether certain individual defendants are entitled to advancement of their expenses under the company’s Operating Agreement.
Plaintiff Ficus Investments, Inc. is a Florida corporation with its principal place of business in…
2Cases cited10 opinions
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- Baje Realty Corp. v. CutlerAppellate Division of the Supreme Court of the State of New York · 2006
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3Cited by30 opinions
- GFI Securities, LLC v. Tradition Asiel Securities, Inc.Appellate Division of the Supreme Court of the State of New York · 2009
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- Cline v. DonovanAppellate Division of the Supreme Court of the State of New York · 2010
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