Legal and ethical issues, What legal and ethical issues are

Legal and ethical issues

Assignment Help Business Management

Reference no: EM1318336

Janet Levitt and Mark Levitt filed a lawsuit against Gilligan Village, LLC, Lauren Bivins, Milton Burnside, Sondra Burnside and Patricia Goldstein. Janet Levitt, Mark Levitt, Lauren Bivins, Milton Burnside, Sondra Burnside and Patricia Goldstein are members of Gilligan Village. The individual defendants are each related by blood, marriage or are otherwise closely associated. Pursuant to section 4.2 of the LLC's operating agreement, Mark Levitt was appointed manager of Gilligan Village after the death of its initial manager, Edward R. Bivins.

During his tenure as manager, Mark Levitt pursued the sale of Gilligan Village's principal asset, a parcel of real estate. Shortly thereafter, Lauren Bivins, Sondra Burnside and Patricia Goldstein removed Mark Levitt from the position of manager and appointed Lauren Bivins (Edward Bivins' widow and the personal representative of his estate) as his successor. The alleged motivation for this action was to prevent the sale of the property in order to ensure that Bivins Properties, LLC (Bivins Properties), a separate company owned by Lauren Bivins, continued to receive a fee for managing the property.

What legal and ethical issues are apparent in these events? Have fiduciary duties owed to the LLC been violated? Are there any additional facts that we would need to find out in order to resolve this dispute?

Additional Requirements

Min Pages: 1

Reference no: EM1318336

Questions Cloud

Implementing gcd in assembly language : Implement this function in the assembly language and write down a test program which calls function many times, passing it several values. Show all results on screen and include screen shots of the outputs.

Transportation problem : Transportation problem

Find the height of the flag pole : Find the height of the flag pole from the word problem and determine the total number of student-tickets sold from given word problem

Calculation and depiction of normal probabilities : On the same chart, produce a graph showing the original probability mass function, and a line graph showing your selected continuous probability density function.

Legal and ethical issues : What legal and ethical issues are apparent in these events? Have fiduciary duties owed to the LLC been violated? Are there any additional facts that we would need to find out in order to resolve this dispute?

Solve the system with any method : Solve the system with any method - Find which of the given two pairs are solutions for the following system

Level of significance-variability unchanged : Assuming that the variability is unchanged (i.e., σ = 6), is there sufficient evidence to suggest that the strength of the product has increased at the 1% level of significance?

Solve the system using the graphing method : Find the Equation of the line which passes through the two given points and Solve the system using the graphing method.

Case study of minneapolis pipelines : Minneapolis Pipelines pays an annual dividend of $.80 per share on its preferred stock. The stock currently sells for $12 per share.

User Account

All Pages