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Delaware Corporate & Commercial Litigation Blog

Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery

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Recent Chancery Decision Addresses Dissolution Based on LLC Deadlock

By Francis Pileggi on February 19, 2021
Posted in Chancery Court Updates

A recent Delaware Court of Chancery decision provided an exemplary analysis of when a deadlock in an LLC might be the basis for a dissolution. In Mehra v. Teller, C.A. No. 2019-0812-KSJM (Del. Ch. Jan. 29, 2021), the court applied case law, statutes, and learned commentary that it synthesized in a careful application of…

Chancery Upholds Waiver of Dissolution Rights in LLC

By Francis Pileggi on December 27, 2013
Posted in Chancery Court Updates

Huatuco v. Satellite Healthcare,et al., C.A. No. 8465-VCG (Del. Ch. Dec. 9, 2013).

Issue Addressed:  Whether the provisions of the LLC agreement waived the statutory right to dissolution that a member of an LLC would otherwise have, pursuant to Section 18-802 of the Delaware LLC Act. Short Answer:  Yes.

Brief Overview:…

Delaware Chancery Court Appoints Custodian for Deadlocked Corporation

By Francis Pileggi on February 22, 2009
Posted in Chancery Court Updates

Miller v. Miller,  2009 Del. Ch. LEXIS 16 (Feb. 10, 2009)(revised Feb. 17, 2009). This Delaware Chancery Court opinion appointed a custodian (for a limited time and with limited authority),  for a corporation owned 50/50 by two brothers. The appointment was pursuant to Section 226 of the Delaware General Corporation Law (DGCL).…

Chancery Court Appoints Liquidating Trustee for Deadlocked LLC

By Francis Pileggi on February 20, 2009
Posted in Chancery Court Updates

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 few days later involving…

About Francis

Francis practices primarily in the areas of corporate and commercial litigation. His practice includes representation in high-stakes disputes for a wide range of clients in many industries
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