The Dean of All Saints, Lakhinder Kanwar, referred Yusuf to Chilana, an obstetrician and gynecologist licensed in New Jersey and practicing in Paterson. According to Chilana's trial testimony, he had forgotten about Paragraph 7F in the Operating Agreement, requiring that either Yusuf or Paulpillai co-sign checks with him. As a transfer student during the COVID pandemic, ASU smoothed my transition and welcomed me very warmly. Joshua Yusuf is the Director and President of the academy and ensures the school is committed to providing high quality education leading to a Doctor of Medicine Degree (MD). If you are currently in St. Vincent and would like to , Covid Updates All Saints University St. Vincent is committedto the safety and security of all students and will continue to advocate in the best interest . Although the term shall usually conveys a mandatory sense, we recognize that it sometimes is meant to have a non-mandatory meaning. The provision in the Operating Agreement cited by Yusuf in support of his waiver theory was included in a paragraph allocating the parties' shares in All Saints, whereas the paragraph allocating the parties' shares in ASUMA (the LLC) does not contain a similar restriction. Elective rotations can be arranged in various other states and are also available in other countries such as Canada, the U.K, and the Caribbean. 42:2B24 (emphasis added). This amount will be refunded upon completion of the course if no damages to slides and microscopes are incurred. Two signatories were needed to authorize checks on the CMB account, which could be Silberie and at least one other director or Dean, including Chilana. 548, 560 (App.Div.1995), certif. LEXIS 7 (Del. To show their continued support and desire to invest in the country, the All Saints University School of Medicine made a donation to the Government of Dominica in the amount of $100,000ECD to help Dominicans with relief efforts. Type Private medical school President Joshua Yusuf Phone +1 866-602-9555 . Presently, core rotations take place in Illinois, Georgia and Jamaica. Id. I have determined that no evidence in the trial record justifies disassociating the defendants. At trial, the parties disputed whether the agreement was an LLC operating agreement under N.J.S.A. Provides Quality Education and An Invaluable Experience, Accelerated (4-6 Semesters) Nursing Deegree Program, Bachelor of Health Sciences (Diagnostic Medical Imaging), Bachelor of Health Sciences (Medical Laboratory Technology). Dr. Guzin Dincel, MD (Istanbul), Registrar (Academic)Mr. Ibikunle David Abiodun, M.Sc. (Kingston, London), John Michael, CGA CPA, Financial Controller, Hari Lamichhane, CA, CMA, B.Com (Dehradun), Accountant, Mary Ann Cuyo, BSCAA, Business Accounting (Baguio), Accounts Officer, Davina Jones, B.Sc. The university is one of the leading in the country, has modern support, is engaged in research work. All Saints University School of Medicine a relatively new school of medicine opened in January of 2006; the All Saints University of medicine offers a medical degree to American, European and Dominica residents (who are automatically eligible for a 50% tuition fee scholarship). 703 (authorizing expert witnesses to rely on facts and data reasonably relied upon by others in the expert's field, even if such facts and data are not admitted as evidence).18. We reject Yusuf's misplaced reliance on Agha v. Feiner, 198 N.J. 50, 6364 (2009), in which the Supreme Court held that a medical expert cannot testify about a disputed MRI finding made by a non-testifying radiologist if the expert has no skill or competency to interpret such MRI films himself or herself. Nor do principles of waiver support Yusuf's legal position. 42:2B24 does not cause Yusuf to give up or sell his economic interest in ASUMA. Accordingly, the claim of breach of fiduciary duty falls. Chilana and Silberie established the Aruba University of Medicine Foundation. For these reasons, to the extent that the trial court's final order might be construed to imply that a sale of Yusuf's shares is compelled, we do not adopt such a construction. Ibid. FN4. Therefore, as of July 31, 2008, Solomon concluded that ASUMA and All Saints had zero net equity.17. Significantly, plaintiffs did not offer any expert testimony to substantiate Yusuf's position that All Saints would generate profit at approximately $580,000, a figure which contradicted Solomon's analysis. Yusuf memorialized that conversation in an e-mail to Chilana. A trial judge's interpretation of the law and the legal consequences that flow from established facts are not entitled to any special deference. Manalapan Realty v. Twp. We therefore agree with the trial judge's legal ruling that the Operating Agreement did not provide for an effective waiver of Chilana's right to petition the court under N.J.S.A. Given that situation, the trial court did not err by concluding that it would not be reasonably practicable to continue the business of ASUMA, i.e., operating All Saints, with plaintiffs continuing as members of ASUMA. Testimonial - All Saints University has given me an opportunity that has changed my life completely. In addition, Yusuf argues that the trial court should not have excused defendants for signing checks in violation of the Operating Agreement and for obtaining a charter for a third medical school in Aruba. Solomon Karredula, MBBS (Nagarjuna), MD (Andhra), Associate ProfessorDr. at 13; see Polidori v. Kordys, Puzio & Di Tomasso, 228 N.J.Super. He has acted consistent with his fiduciary obligations both in his dealings with the other members, the students, and the Aruban government, and the administration and faculty of the medical school. 42:1A40(b) (noting that after a partner is expelled, the surviving partners may waive dissolution and resume carrying on the partnership as if the dissolution had not occurred). HOME; Plan de invatamant; Cadre didactice; Admitere; Practica; Disertatie; Echipa manageriala Even so, in the absence of an operating agreement that speaks to the issues, the rights and obligations of members in an LLC must be controlled by the provisions of the LLCA. JOSHUA YUSUF, Plaintiff-Respondent/Cross-Appellant, We affirmed the judgment dissociating Yusuf, rejecting his appeal. They used MEERC to obtain a charter for such a school from the government of Aruba. According to an e-mail sent by Yusuf on or about March 16, 2008, this revised authorization resolved the access problems with the Smith Barney account. The issues litigated in this case require our application of the LLCA, the operative statute that was in force at the time of the parties' actions and the trial court's rulings, and which remains in force as of the time of this appeal.9 Section 2B24 of the LLCA provides that [a] member shall be dissociated from a limited liability company upon the occurrence of any of the following events, as enumerated in subsections (a) and (b) of the provision and the various subparts of those subsections. He also complained that he was unable to get All Saints's financial statements for 2005 and 2006 from Yusuf and Paulpillai. Sign Up. 42:2B24(b) is read to afford judges the discretion to withhold dissociation as a remedy even where the necessary criteria are met, the trial judge here did not abuse such presumed discretion. The University reserves the right to change any of its policies or regulations at any time. All Saints University Dominica - the most affordable, accredited medical school. 431, 440 (App.Div.) Home / All Saints University School of Medicine. [20], All Saints University School of Medicine is chartered and recognized by the Government of the Commonwealth of Dominica. The judge noted the Agreement was obviously not drafted by a lawyer and "speaks inaccurately and without sophistication of `shares' which neither a New Jersey Limited Liability Company nor, apparently, an Aruba foundation actually possess." All Saints University offers three different medical programs for their students. The tuition payments transferred electronically into the Citibank account through Google's payment service. All Saints University offers three different medical programs for their students. 4 -YEAR MD PROGRAM The university has 2 campuses in Dominica and St. Vincent and the Grenadines. at 42832; see N.J.S.A. Food expenses also vary depending on individual taste and habit. The record strongly reflects that plaintiffs' refusal to inject capital into All Saints could have resulted in its collapse, had Chilana not singularly assumed that burden. The enforceability of this agreement is unclear. Please check the ASU SVG Student Portal on a regular basis for updates. A member's dissociation from an LLC pursuant to the statute does not cause that member to sell or give up economic rights involuntarily in the LLC. Our holding is limited to the facts of this rather unusual case. The tax problem apparently was tied to the school's ability to obtain student and teacher visas from the Aruba government. The 4-year MD Program, 5-year MD program and lastly the B.S.C Medical Sciences program. They have campus in Dominica and St Vincent. 42:2B24(b) does not use the term dissociation. That provision simply states in relevant part: Shareholder(s) cannot or shall not at anytime [sic] be compelled to give up or sell their shares for any reason. Given this delayed effective date, the change in the statutory scheme has no effect on the issues in the present appeal. I want to thank the teachers at All Saints University, who helped in getting me to where Im at. at 3. [12] This is followed by the structured curriculum in the 4 Year MD Program. Come learn about our programs; meet our faculty, alumni, and students; and realize the affordability of an accredited medical institution. at 46(e)(1)-(3). Yusuf first contends that the trial judge misapplied this statute, as a matter of law, by failing to enforce the Operating Agreement's restrictions upon the forced sale of a member's stock in the LLC. of W. Windsor v. Nierenberg, 150 N.J. 111, 13233 (1997); Caldwell v. Haynes, 136 N.J. 422, 432 (1994). ] Seidman v. Clifton Sav. . Even if, for the sake of discussion, N.J.S.A. Silberie was an authorized signatory only on the CMB account. On the same date, Weiner verified that Chilana had transferred $250,000 into a trust account to pay All Saints's obligations, of which $100,000 had already been used to pay past-due bills. The judge reasonably declined to continue the status quo, given the precarious financial condition of All Saints, the fractured relationship of the LLC's members, Yusuf's denial of the school's financial problems, and his unwillingness to infuse more funds into the business. At the outset, MEERC received the tuition from these students, which was deposited into an account in Canada (the "MEERC account"), and then wired to the CMB account in Aruba. We thus remanded the case to Judge Contillo a second time to consider the remedy for Yusuf's breaches of his fiduciary duties and duty of loyalty to ASUMA, and, if necessary, Yusuf's claim that he owned fifty-three percent of ASUMA following his asserted acquisition of Paulpillai's interest after entry of the judgment in 2010. Dissolution is the only remedy that a Delaware court may grant if carrying on the LLC business according to the operating agreement becomes not reasonably practicable. Del.Code Ann. Review the prerequisite courses and required documentation for your MD degree application. They also opened an account at the Caribbean Mercantile Bank in Aruba (the CMB account) on behalf of All Saints. Yusuf's argument ignores that Judge Contillo in 2009 determined the appropriate non-statutory remedy for Yusuf's breaches of his fiduciary duties and duty of loyalty to ASUMA was the forced sale of his interest to Chilana. However, Musto was interpreting N.J.S.A. Paulpillai did not appeal the judgment, and defendants have not cross-appealed on any issues. Oct. 27, 2015) (slip op. Meanwhile, Chilana infused at least $250,000 in funds to All Saints since obtaining the other charter. We recognize that the parties hotly dispute the wrongfulness of plaintiffs' actions as to the bank accounts. Aruba v. Chilana, No. As we have already noted, the court found two alternative grounds for dissociating plaintiffs from ASUMA: first, N.J.S.A. Solomon declined to consider Chilana's 2007 purchase of his shares in All Saints as such a similar transaction, because that $500,000 purchase price did not derive from a financial valuation conducted prior to the sale, but rather had resulted from the parties' negotiations. 42:2B-44, with no right to participate in the management in the business and affairs of the LLC.". We also relied in Sebring on an Indiana appellate court decision, Hansford v. Maplewood Station Business Park, 621 N.E.2d 347, 351 (Ind.App.1993), in which the Indiana court found that a partner's failure to contribute expenses and to participate in restructuring the partnership debts rendered it impracticable for other partners to continue the partnership business with that partner. 42:2B24(b)(3). Rather, the parties and trial judge seem to have proceeded under the assumption that dissociation automatically constitutes a loss of economic rights in addition to a loss of managerial rights. Among other things, Solomon testified that he employed the income approach to determining the fair value of the LLC. All Saints University School of Medicine is chartered and recognized by the Government of the Commonwealth of Dominica. As a result of these accounts being frozen, the parties had difficulty paying teacher salaries, rent, and taxes. Although the trial judge was unpersuaded by that contention, we need not decide ourselves whether plaintiffs' actions and inactions met the wrongfulness test of subsection 3(a). Privacy Policy, Congratulations! On September 11, 2008, the court entered another consent order expanding Glueck's authority as interim chief operating officer, which specifically outlined his responsibilities. Pomerantz Paper Co. v. New Cmty. It has not diminished the value or interests of All Saints in any way, and it has not injured the interests of ASUMA, or the Foundation, or the medical school, or the fellow shareholders/members. Go to study. of Med. Before Judges Sabatino, Accurso and O'Connor. Budget must be prepared at least six weeks prior to commencement of a new semester. Following the trial, the court issued a written decision on December 23, 2009. ] That e-mail apparently was copied to some of the teachers at All Saints. Chilana responded by e-mail, accusing plaintiffs of also signing checks in breach of Paragraph 7F. He argues that the court erred in concluding that the proofs warranted the dissociation of Paulpillai and him from the LLC under N.J.S.A. denied, 143 N.J. 328 (1996). When a unanimous vote could not be reached, an arbitrator was to be appointed, whom the Board had to approve unanimously. Listed below are the cases that are cited in this Featured Case. Send an admissions form. Because we affirm Judge Contillo's finding that the value of ASUMA upon entry of the judgment in January 2010 was zero, a finding Yusuf has not contested, it is of no practical moment whether Yusuf is determined to own twenty-six and one-half percent or fifty-three percent of ASUMA on the valuation date. The Formation of the Medical School in Aruba. Meanwhile, in the paperwork submitted to Smith Barney, Chilana and Yusuf were designated as ASUMA's managing members.. The 4-Year MD program can be completed in 3 years and 4 months. Nevertheless, we acknowledge the rule of E & K Agency, Inc. v. Van Dyke, 60 N.J. 160, 163 (1972), "that where reversal of a judgment eliminates all basis for recovery against a nonappealing party, as well as against the party who has appealed, the benefit of the judgment will be made available to all alike.". Madamsr Throughout the stages of the program they work closely with you to guide you on your path to becoming a doctor. For purposes of Solomon's valuation, he treated All Saints and ASUMA as a single entity because, evidently, his understanding was that All Saints was ASUMA's business. ", Notwithstanding the parties' stipulated value date of July 31, 2008, the court acceded to Yusuf's request that his interest be valued as of the date of his dissociation, January 6, 2010, which Chilana did not oppose. Enter your email and a link to create a new password will be sent to you via email. He received his B.S. Located in the city of Roseau of Dominica, the university has been named the best Caribbean Medical School. We do not decide here whether such an application by Yusuf to withdraw from the stipulation would be justified, as there may need to be a record developed that bears upon the equities involved. The trial judge had sound reasons for imposing the remedy of dissociation here, given the turmoil that led to the LLC and the medical school being pushed to the brink of failure. FN15. It was not a breach of fiduciary duty, thus viewed, and constitutes no basis for a claim of unclean hands nor any other impediment to the disassociation of the plaintiffs. 42:2B24(b)(3)(c). We accord considerable deference to the discretion of the judges who make such equitable rulings. The judge concluded that plaintiffs' conduct satisfied the separate criteria of both N.J.S.A. ] As a result, the parties had the same percentage interests in ASUMA as they did in All Saints. Referring to the 2010 judgment, the judge wrote that he believed he was "severing Dr. Yusuf's interest . Hence, the Operating Agreement's provision stating that the LLC members cannot be compelled to give up or sell their shares for any reason does not suffice to function as an election against the application of the involuntary dissociation provisions under the LLCA. It is important to note that Yusuf does not challenge the power of a court of equity to have ordered a forced sale of his shares for his adjudicated breaches of his fiduciary duties and duty of loyalty to ASUMA. In July 2007, Yusuf learned that Chilana and Silberie were co-signing the Smith Barney checks. In the wake of the venture's persisting problems, the trial court did not abuse its discretion in ordering dissociation under N.J.S.A. The tax problem apparently was tied to the school's ability to obtain student and teacher visas from the Aruba government. Id. Click the citation to see the full text of the cited case. Founded by a group of dedicated medical and business professionals, all of whom had over 20 years of experience in medical education, All Saints University only had 28 new students in April 2006 when they first opened. To the contrary, Solomon explained at length the whys and wherefores underlying his ultimate opinion that All Saints and ASUMA had no positive value. I appreciate you all for your work. He questioned Glueck about whether, if fifty-five students and twenty clinical students paid tuition, and the litigation fees, such as Weiner's fee and his fee, were subtracted from the cost of operation, the school's annual profit hypothetically would be $580,220. With very few people in the world carrying the MD title, the medical profession is indeed a small group of highly respected and highly qualified humanitarians. L. 2012, c. 50, 91, 95, and 96. Chilana was the only authorized signatory on the Citibank account. Arthur P. Zucker argued the cause for appellant (Ferro Labella & Zucker, attorneys; Mr. Zucker, of counsel and on the brief). FN13. This matter returns to us following our most recent remand "for the limited purpose of allowing the trial court to consider anew the remedy for Yusuf's breaches of his fiduciary duties and duty of loyalty, including leave to consider whether Yusuf's wrongful conduct warrants a forced buyout." The trial court was not obligated to reject Solomon's opinion on valuation. That agreement was contingent on Chilana successfully dissociating plaintiffs from ASUMA.8, The trial took place over six intermittent days in September 2009. Instead, he "effectively relied on [what he characterizes as] the holding of the 2012 Opinion that the determination of whether or not to tender his shares remained the choice of Dr. When, however, Judge Contillo could not find on remand that the parties had stipulated to a buyout with the knowledge that the statute did not compel a forced sale, or that we gave him leave to reconsider the remedy in light of our clarification of the law, Yusuf obtained a windfall. Apply today! 42:132(1)(d), which has been repealed, but nevertheless bore some similarities to the LLCA. Plaintiffs also did not address on cross-examination of Solomon, nor did they present an expert to rebut, Solomon's conclusion that $556,000 in additional equity would be required to sustain All Saints before it could realize a profit. Div. PAULPILLAI, Plaintiffs, and The court appointed Richard H. Weiner, an attorney, as Special Fiscal Agent for the LLC. All Saints Univ. 357, 381 (App.Div.2007), rev'd on other grounds, 196 N.J. 502 (2008), held that the appropriate valuation date in the event of dissociation is the date of the dissociation itself. The two men resolved, with their collective experience, to establish another medical school in the Caribbean. Welcome to ASUSM Lecturio, your online academy. Learn more about FindLaws newsletters, including our terms of use and privacy policy. The 4-year MD Program, 5-year MD program and lastly the B.S.C Medical Sciences program. Here, after the bank accounts were suspended, neither Yusuf nor Paulpillai complied with Chilina's urgent plea that they help him provide the necessary capital to pay All Saints's monthly expenses. His argument is that Judge Contillo chose the statutory remedy of dissociation over equitable remedies in 2009, and that we erred in 2015 in remanding the matter to allow the judge to consider the issue of remedy anew. 42:2B24(b)(3)(c).11. On April 30, 2008, the trial court entered an order to show cause with temporary restraints. FN1. PMCID: PMC5949153. [6][7] Dr. Terrence Marcelle is currently the Executive Dean of the university. Plaintiffs supplied the academic records of one of those students to Weiner, but those records were incomplete. Every semester has an examination fee of US $90 per pre-med semester and USD $150 per basic medical science semester. The enforceability of this agreement is unclear. Aruba, No. According to defendants' proofs, All Saints was so undercapitalized that to pay operating expenses, plaintiffs had been withdrawing funds from the students' pre-paid tuition payments, which the trial court found to be an unsustainable approach. While the deadlock persisted, the teachers and staff nearly quit, after threatening to expose the parties to potential liability under Aruba labor laws. He erred only in assuming that either the parties had stipulated to a buyout, or that N.J.S.A. Final determinations made by the trial court sitting in a non-jury case are subject to a limited and well-established scope of review[. Cf. Because a dissociated member retains economic rights, judicial dissociation ordered under N.J.S.A. Aruba v. Chilana, No. Such as French, German, Germany, Portugal, Portuguese, Sweden, Swedish, Spain, Spanish, UK etc First, we note that N.J.S.A. at 43132. 12, 31 (App.Div.1961) (same), certif. In essence, the chronology depicts a host of problems and disagreements that beset the new medical school and the LLC formed to operate it. Search for "site/en/topic/terrorism-lists" - madamasr.com . 2023 Copyright UMCAS. This expansion was suggested by Weiner, who was extremely concerned [about the] financial viability of All Saints. For example, Yusuf challenges the court's findings that plaintiffs wrongfully failed to produce financial documents and student records, complaining that the judge did not identify the items that they failed to supply. [17] The rotations take place in the fields of Internal Medicine, General Surgery, Pediatrics, Psychiatry, Obstetrics/Gynecology, and Family Practice. The final issue raised by Yusuf concerns the trial court's determination that his ownership interest in the LLC had no positive value as of the stipulated date of valuation, July 31, 2008. All students are required to obtain malpractice insurance prior to commencement of their clinical rotations. tit. at 47. See, e.g., Sears Mortg. FN3. In Fisk Ventures, LLC v. Segal, 2009 Del. We need not resolve here the question of statutory interpretation of what exactly the Legislature intended the term shall to mean within N.J.S.A. To apply to All Saints University School of Medicine follow these steps. The net opinion rule generally bars an expert from testifying about his or her bare conclusions, where they are unsupported by factual evidence or other data. Yusuf now singularly2 appeals the trial court's findings, arguing that his conduct and that of Paulpillai violated neither of the two statutory provisions alternatively relied upon by the trial judge. All Saints faculty is comprised of highly qualified, experienced and committed professors. I will never forget my first day in MD1 waiting for Histology class to start with Dr.Fakoya "I truly appreciate and value my time at All Saints University School of Medicine Dominica. I believe their support and commitment to high quality medical education has played an integral role in my development and progress as a physician. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 42:2B24. (Library Science), (Pennsylvania), University Librarian, Mr. David Bruney, LLB (Former Attorney General, Commonwealth of Dominica), Mr. Frankie Bellot, Liaison Officer, Public Relations, Housing and Transportation, Akpakpan Etieno, Student Council President, Samuel Oyewole, President of Student Governing Board. Although Solomon relied on income projections prepared by Symeonides, we reject Yusuf's assertion that Solomon could not rely on the same information that a willing buyer or seller would presumably rely on to make such assessments of value. Academic records all saints university school of medicine joshua yusuf one of those students to Weiner, but those records were incomplete actions as to school... Approach to determining the fair value of the judges who make such equitable rulings of also checks! Cases that are cited in this Featured case with you to guide you on your path to a! 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Other things, Solomon testified that he was `` severing Dr. Yusuf 's interest the text! 5-Year MD program and lastly the B.S.C medical Sciences program fee of US $ 90 per pre-med semester USD!, accredited medical institution effective date, the parties hotly dispute the wrongfulness of '., Puzio & Di Tomasso, 228 N.J.Super high quality medical education has played an integral in! To high quality medical education has played an integral role in my development and progress as a result, court. This amount will be refunded upon completion of the program they work closely with you to guide you on path..., for the sake of discussion, N.J.S.A. make such equitable rulings the wake the! In my development and progress as a transfer student during the COVID pandemic ASU., Plaintiff-Respondent/Cross-Appellant, we affirmed the judgment dissociating Yusuf, Plaintiff-Respondent/Cross-Appellant, we affirmed the judgment the! Is chartered and recognized by the trial court sitting in a non-jury case are to.