Delaware court speaks to judicial dissolution of LLCs

The Delaware Court of Chancery has granted the plaintiffs' request for judicial dissolution of BVWebTies LLC, a Delaware limited liability company. In the case, co-equal owners and managers of the LLC disagreed over the company's management. The company's LLC agreement, however, provided no method by which to break a deadlock among the members.

Filed under:
USA, Delaware, Insolvency & Restructuring, Litigation, Herrick Feinstein LLP, Limited liability company, Consent, Dissolution (law), Lockout (industry), Delaware Court of Chancery, Delaware Supreme Court, Court of equity
Authors:
Edward Stevenson , Irwin Kishner
Location:
USA
Firm:
Herrick Feinstein LLP