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No Breach of Fiduciary Duty to Dissolve Viable LLC

On Behalf of | Mar 24, 2016 | BLOG, NEWS ARTICLE

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).