Sherman v. FSC Realty LLC (In Re Brentwood Lexford Partners, LLC)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that dividends, or “salary” payments that functioned as dividends and not as reasonable compensation for actual services, are just distributions to equity holders for which a company does not receive reasonably equivalent value
• holding that dividends, or “salary” payments that functioned as dividends and not as reasonable compensation for actual services, are just distributions to equity holders for which a company does not receive reasonably equivalent value
• finding that managers of LLC did not breach their fiduciary duty to it by resigning and transferring some of its business to a new entity after LLC’s lender had accelerated its loan and filed suit to collect i t , essentially leaving the LLC unable to do business

Source: CourtListener parenthetical corpus (CC0).