Chancery Rejects Claims of Departing Member of LLC Who Co-Founded Hedge Fund

Olson v. Halvorsen, No. 1884-VCL (Del. Ch., May 13, 2009), read opinion here Two prior Delaware Chancery Court opinions in this case were previously summarized here. This most recent iteration of a bitter dispute between three co-founders of a hedge fund addressed whether a departing member of an LLC was... Continue Reading...

Chancery Court Dismisses Sundry Claims Against LLC Members

Kuroda v. SPJS Holdings, L.L.C., Del. Ch., No. 4030-CC (April 15, 2009), read opinion here. This case involves the following claims among members of an LLC, arising out of an LLC Agreement: (i) breach of contract; (ii) tortious interference with contract; (iii) tortious interference with prospective economic advantage; (iv) breach... Continue Reading...