NY LLC Freeze-Outs: Appraisal May be Only Remedy Barring Fraud
Appraisal Rights
APRIL 4, 2019
As we have noted repeatedly, appraisal is a shareholder-protective remedy. While much of the academic and media commentary on appraisal focuses on Delaware and appraisal in the context of large public mergers, appraisal exists beyond Delaware, and in contexts far removed from headline making mergers. For example, in New York, appraisal rights are afforded to minority members of an LLC when they are involuntarily cashed out of their LLC – often referred to as a freezeout.
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