Clients can pick their own attorneys but they cannot pick their own facts. A recent case decided by Master Ayvazian highlights the difficulties that unfortunate facts can present.
Creditors have
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LLC Agreement
Parties Bound by Third-Party Valuation Per Terms of LLC Agreement
By Fox Rothschild LLP on
When an LLC agreement contains contractually negotiated methods for valuation of a member’s stock upon its sale or repurchase by the company, what standard is utilized by the Court to…
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LLC Operating Agreements Can Be Binding Even if Not Signed by the Parties
By Fox Rothschild LLP on
In the case of Seaport Village Ltd. v. Seaport Village Operating Company LLC, C.A. No. 8841-VCL (Sept. 24, 2014), Vice Chancellor Laster found that the operating agreement of a…
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