March 08, 2019 | New York Law Journal
NY's Freeze-Out Mergers Offer Limited Rights and Recourse for LLC Minority MembersIn New York in particular, minority members of limited liability companies run the risk of being involuntarily cashed out of the company in a “freeze-out” merger or “midnight merger,” wherein a merger takes place in secrecy—proverbially overnight—without prior notice to the minority members.
By Adam S. Katz and Ryan W. McNagny
8 minute read