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...

Chancery Court Appoints Liquidating Trustee for Deadlocked LLC

Spellman v. Katz, (Del Ch., Feb. 6, 2009), read opinion here. This Delaware Chancery Court opinion involved the appointment of a liquidating trustee to wind-up the LLC where the two 50/50 owners were deadlocked and their Operating Agreement already provided for dissolution. The same vice chancellor issued a decision a... Continue Reading...