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Judicial Dissolution: Are the Court of the State that Brought You In the Only Courts that Can Take You Out?

American Bar Association, Section of Business Law, The Business Lawyer
70 The Business Lawyer 1059 (Fall 2015)

Peter B. Ladig co-authored an article published in the Volume 70, Number 4, Fall 2015 edition of the ABA Business Law Section's The Business Lawyer. Their article was titled "Judicial Dissolution: Are the Courts of the State that Brought You In the Only Courts that Can Take You Out?"  This article discusses whether a state court can judicially dissolve an entity formed under the laws of another state. The recent dissolution of Interstate General Media, LLC, the limited liability company that owned The Philadelphia Inquirer, the Philadelphia Daily News, and the website philly.com, brought to light the issue of which court should hear the request for dissolution after two simultaneous actions were filed in the Commerce Court of the Philadelphia Court of Common Pleas and the Court of Chancery of the State of Delaware. They also analyze the historical attitude toward dissolution of domestic entities and why dissolution is different from other types of claims.

Read the article here.

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