As the fiscal year comes to a close, many companies, both public and privately held, prepare for their annual or special shareholder meetings. These meetings are essential for corporate governance, setting the course for the next year, and addressing key business matters. However, when disputes arise, these meetings can quickly escalate into...
Category: Business Law
Account‑Stated Claims: Turning Unpaid Invoices Into Swift Judgments
For Manhattan businesses, unpaid invoices can quickly disrupt cash flow and threaten financial stability. While traditional breach-of-contract lawsuits are often lengthy and costly, an account-stated claim provides a streamlined legal remedy to collect undisputed debts. At Levy Goldenberg Law, we help companies turn overdue receivables into enforceable judgments efficiently, preserving revenue...
Year‑End Contract Audits: Avoiding Breach Claims Before January 1
As the fiscal year draws to a close, Manhattan businesses face not only financial reporting deadlines but also the risk of contract disputes and potential litigation. Minor oversights in obligations, payment terms, or deliverables can result in breach-of-contract claims that carry significant legal and financial consequences. At Levy Goldenberg Law, we...
Understanding New York’s Statute of Limitations for Business Disputes
Navigating a business dispute in New York requires an understanding of many legal nuances—chief among them is the statute of limitations. This legal deadline determines the timeframe within which a party must initiate legal action after a dispute arises. Missing this window can be fatal to a case, no matter how strong...
How Shareholder Disputes Can Stall Business Growth: Prevention Tips
Shareholders have the right to participate in corporate decision-making and take actions that can chart a path of success for the company. However, there are cases in which disputes among shareholders can prevent the company from moving forward. In some of the most egregious cases, these disputes stymie business growth and threaten...
Navigating Breach of Non-Compete Agreements in New York
Non-compete agreements prevent employees from engaging in various competitive activities against their employer or former employer. Manhattan businesses are increasingly using these contracts to restrict all types of employees from competing with them. Although these agreements have grown in popularity, many New York courts are unwilling to enforce them against employees and...
The Impact of Arbitration vs. Litigation on Business Disputes
Disagreements in the business world are unavoidable, regardless of the relationship between the parties and how well-drafted their contracts and other agreements are. Although a dispute can potentially land both parties in court, there are many situations that can be resolved through arbitration. Conversely, some cases are simply too complex and intractable...
Business Litigation Matters Our Firm Handles
No business has a particular desire to file a lawsuit, or to be named as a defendant in one. But these claims are often necessary to settle legal issues when mediation and other alternative dispute resolution methods fail. The end goal of litigation is to seek monetary damages and/or the performance of...
Examples of Disputes That Lead to Business Litigation
No business wants to be embroiled in a lawsuit. The time, expense, and hassle of litigation can divert resources and focus away from a company’s growth and profitability. Nonetheless, understanding some of the most common disputes that open the door to a lawsuit can help a business prepare accordingly.
Discovery Process in Business Litigation
If you’re involved in commercial litigation in Manhattan, your case will proceed through several phases. One crucial phase of your case is discovery, where your legal team and the other parties will exchange evidence and file motions to shape a potential court battle. This phase can make or break your case,...