Posted on January 31, 2010 by Francis G.X. Pileggi

Chancery Orders Dissolution of LP Based on "Not Reasonably Practicable" Standard in Section 17-802

Harris v. RHH Partners, LP, et al., No. 1198-VCN, (Del. Ch., January 27, 2010), read letter decision here. A prior decision in this case by the Delaware Court of Chancery was highlighted here. Why This Short Ruling is Noteworthy This decision in noteworthy because it applies a statute that, comparatively... Continue Reading...
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Posted on August 12, 2009 by Francis G.X. Pileggi

Chancery Court Reviews Determinations of Trustee Overseeing Winding up of Dissolved Entity

In re: 14 Realty Corp., No. 20129-VCS (Del. Ch., August 5, 2009), read opinion here. This 30-page letter decision reviews de novo the determinations of a Trustee who was appointed to oversee the winding-up of a corporation. Overview This litigation began as a dissolution proceeding pursuant to DGCL Section 273... Continue Reading...
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Posted on May 8, 2009 by Francis G.X. Pileggi

Motion for Summary Judgment on Dissolution Granted But Request for Appointment of Liquidating Trustee Denied Based on Terms of LLC Agreement

In Re Nextmedia Investors, LLC, Del. Ch., No. 4067-VCS (May 6, 2009), read opinion here. This Delaware Chancery Court opinion includes instructive recitations of Delaware law on a topic of relevance to all those who labor in the field of business litigation. A key focus in this case was to... Continue Reading...
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Posted on April 23, 2009 by Francis G.X. Pileggi

Chancery Court Rejects Request to Dissolve LLC

In Re: Arrow Investment Advisors, LLC, Del. Ch., No. 4091-VCS (April 23, 2009), read opinion here. This Chancery Court decision dismissed a petition seeking a dissolution of an LLC pursuant to Section 18-802 of the Delaware LLC Act. Although each year brings more case law interpreting this statute, there is... Continue Reading...
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Posted on September 29, 2008 by Francis G.X. Pileggi

Chancery Denies Dissolution Request Per Section 18-802 of the Delaware LLC Act and Per DGCL Section 226(a)(3)

In Re Seneca Investments LLC, 2008 WL 4329230 (Del. Ch., Sept. 23, 2008), read opinion here. The Chancery Court in this opinion, on a motion for judgment on the pleadings under Rule 12(c), "puts meat on the bones" of Section 18-802 of the Delaware LLC Act, which is the provision... Continue Reading...
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