Cole, Schotz, Meisel, Forman & Leonard, P.A. News/Blogs Feed Nov 2020firmwise Restaurant Closing Checklist - COVID-19 Dec 2020Additional Resources Schotz Prevails on Behalf of Assisted Living Network in Years-Long Membership Dispute Nov 2020NewsCole Schotz P.C. secured a major victory for client CareOne, LLC in a complex, five-year legal dispute around the removal of two minority members of the Delaware limited liability company that owns and operates assisted living and skilled nursing home facilities primarily throughout New Jersey.<br /> <br /> On November 23, the New Jersey Superior Court, Bergen County, Chancery Division granted summary judgment in CareOne&rsquo;s favor on all counts, including approving the company&rsquo;s claim for a declaratory judgment determining that the removal and buy-out of the minority members was authorized and appropriate. The Cole Schotz team was able to obtain the Court&rsquo;s approval of the approximately $500,000 buy-out for each minority member, who had demanded in excess of $36 million in the aggregate.<br /> <br /> The litigation spanned over five years in both federal district and state courts, involving novel issues under Delaware law. These included the propriety of the majority members&rsquo; amendment of the company&rsquo;s limited liability company agreement to insert a buy-out formula simultaneously with their vote to remove the minority members and whether that buy-out formula provided adequate consideration to the removed minority members under Delaware law. <br /> <br /> The Cole Schotz team that represented CareOne was led by <a href="">Michael D. Sirota</a> and <a href="">Warren A. Usatine</a> and consisted of member <a href="">Rachel A. Mongiello</a>, associates <a href="">Michael C. Klauder</a> and <a href="">Jeffery M. Sauer</a>, and paralegal Kathleen Ryan Sermabekian.<br /> leads cannabis sector rally fueled by hopes for reform under President-elect Joe Biden Nov 2020News CAP Workaround – An IRS Holiday Gift Nov 2020Publications$6 Billion Question: Which States Are Likely To Legalize Recreational Marijuana in 2021? Nov 2020Events Investigations and Who is Lying Live Webcast CLE Presentation Nov 2020EventsThe goal of Corporate Investigation program is to provide practical and example based approaches which can assist counsel in assessing both credibility, truthfulness and non-body language clues when conducting fact based interviews. Corporate investigations rise and fall based on statements and leads provided by participants with knowledge. How to approach a witness, questioning angles, and ultimately extracting details of a persons knowledge on relevant subject under review is key to a successful investigation. The program will emphasize specific examples of approaches, concerns, red flags, and questioning techniques to navigate the most challenging of interviews then using that information to pursue investigative leads. Schotz Recognized in 2021 Edition of U.S. News – Best Lawyers "Best Law Firms" Nov 2020NewsCole Schotz P.C. is pleased to announce that the firm has been recognized in the 2021 edition of U.S. News &amp; World Report - Best Lawyers &ldquo;Best Law Firms.&rdquo; The firm has been nationally ranked in 4 practice areas and regionally ranked in New Jersey, New York City, Delaware, Maryland and Texas in 23 practice areas. It also received a Tier I ranking nationally for the category of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law.<br /> <br /> &quot;Best Law Firms&quot; is based on a rigorous evaluation process that includes the collection of client and lawyer evaluations, peer review from leading attorneys in their field, and review of additional information provided by law firms as part of the formal submission process. The methodology can be viewed <a href="">here</a>.<br /> <br /> The rankings encompass a diverse group of firms across the nation, making them a valuable research tool for the legal community as well as clients in search of legal counsel. Presented in tiers, the rankings give designations to firms in 75 major practice areas nationally and in 127 practice areas regionally. The 2021 &quot;Best Law Firms&quot; rankings can be seen in their entirety by visiting <a href=""></a>.<br /> <br /> The full list of Cole Schotz&rsquo; recognitions in the 2021 U.S. News &amp; World Report - Best Lawyers &ldquo;Best Law Firms&rdquo; is as follows:<br /> <br /> &bull; National Tier 1<br /> &nbsp;&nbsp;&nbsp;&nbsp;o Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;o Litigation &ndash; Bankruptcy<br /> &bull; National Tier 2<br /> &nbsp;&nbsp;&nbsp;&nbsp;o Trusts &amp; Estates Law<br /> &bull; National Tier 3<br /> &nbsp;&nbsp;&nbsp;&nbsp;o Land Use &amp; Zoning Law<br /> &bull; Regional Tier 1<br /> &nbsp;&nbsp;&nbsp;&nbsp;o Baltimore<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Litigation &ndash; Bankruptcy<br /> &nbsp;&nbsp;&nbsp;&nbsp;o Delaware<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Litigation &ndash; Bankruptcy<br /> &nbsp;&nbsp;&nbsp;&nbsp;o New Jersey<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Bet-the-Company Litigation<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Commercial Litigation<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Corporate Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Litigation &ndash; Bankruptcy<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Litigation &ndash; Trusts &amp; Estates<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Real Estate Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Tax Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Trusts &amp; Estates Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;o New York City<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Litigation &ndash; Bankruptcy<br /> &bull; Regional Tier 2<br /> &nbsp;&nbsp;&nbsp;&nbsp;o Baltimore<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Bet-the-Company Litigation<br /> o New Jersey<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Land Use &amp; Zoning Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Litigation &ndash; Construction<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Litigation &ndash; Tax<br /> &nbsp;&nbsp;&nbsp;&nbsp;o New York City<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Trusts &amp; Estates Law<br /> &nbsp;&nbsp;&nbsp;&nbsp;o Dallas / Fort Worth<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law<br /> &bull; Regional Tier 3<br /> &nbsp;&nbsp;&nbsp;&nbsp;o New Jersey<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Litigation - Environmental<br /> &nbsp;&nbsp;&nbsp;&nbsp;o New York City<br /> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- Bet-the-Company Litigation<br /> Make Accommodations for Parents in the Midst of the Pandemic Nov 2020Publications New Yorkers Will Devastate City If They Leave With $133 Billion Nov 2020News Alert: SBA Issues Loan Necessity Questionnaires Nov 2020Publications