Elvis in Chancery Court
The News Journal, Wilmington's local paper, has an article by Maureen Milford, here, about a dispute pending in Delaware Chancery Court over Elvis souvenirs. The case involves 2 guys fighting over ownership and control of a Delaware limited liability company they formed to exhibit Elvis memorabilia. The issues include whether the new LLC owns the memorabilia or if some of it belongs to one of the members who formed the LLC. The member who invested $1 million in the LLC wants the LLC dissolved and the assets sold if they cannot agree on the management of the company.
