Tag Archives: LLC Act

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 only entitled to the limited amount … Continue Reading