Navigation

Archive | Condemnation of Going Concern

November 3, 2022

Elon Musk Must Be Nice on Twitter, Or Maybe?

Elon Musk, who recently completed a $44 billion takeover of Twitter, has said, according to the Wall Street Journal, that he would welcome back people who were removed from the platform.  Among those he would welcome back is former President Donald Trump. Trump was booted after his comments to the January 6th riot. Twitter, Musk has said, must be “warm and welcoming to all.” Musk seems to violate his own pledge that the site would not become a “hellscape” under his ownership.  Three days after taking ownership, Musk tweeted that… read more

By
Posted in Condemnation of Going Concern, Public Forum, Twitter
Read more > 0

September 8, 2022

The Condemnation of a Going Concern

Section 708 of the Eminent Domain Procedure Law (“EDPL”) provides that the acquisition of other than real property, the acquisition shall be in the manner and procedure prescribed for the acquisition of real property by the EDPL. The provision is hardly noticed.  There are no cases annotated in McKinney’s Volume 16A.  But there are cases out there for review if you know about them. Matter of Port Auth. Trans-Hudson Corp. (Hudson Rapid Tubes Corp.), 20 NY2d 457 (1967).  In this case, the Port Authority of New York and New Jersey… read more

By
Posted in Condemnation of Going Concern, EDPL Section 708, Valuation of Going Concern
Read more > 0