The Appellate Division Second Department holds that the voluntary dissolution of a viable Limited Liability Company over the objection of a minority member does not constitute oppression or breach of fiduciary duty, so long as such dissolution complies with the terms of the Limited Liability Company’s operating agreement. Delgatto v. Lodi, et. al., Index No. 53516/2016 (Sup Ct. Westchester C’nty, 2016).
We Will Be There For Every Legal Obstacle You Face
- Supreme Court Grants Permission to Pierce Family Trust to Collect Debts Owed
- Supreme Court Grants Motion to Vacate Contempt
- Second Department Upholds Denial of Cross-Motion for Summary Judgment on Conversion Claim
- Supreme Court Holds Complaint May Reference Language from No Admit Settlement with Regulatory Bodies
- Supreme Court Finds Complaint Sufficiently Pled Alter Ego Claim