by EHabbart | Jul 31, 2019 | Law Updates, LU19
In AM General Holdings LLC v. The Renco Group, Inc., C.A. No. 7639-VCS (Apr. 10, 2019), a member of an LLC requested the Court to remove the managing member. The LLC agreement did not provide a mechanism for removal. In a previous decision, the Court dismissed the...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In Quantlab Group GP, LLC v Eames, C.A. 2018-0553-JRS (Mar. 19, 2019), a purported election was held to remove a general partner and replace it with another LLC. The general partner disputed this purported removal and election. The limited partners requested the court...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In Silver Management Group, Inc. v. AdvisorEngine Inc., a licensor sued a licensee for license fee under licensing agreements. Under the agreements, the licensee was entitled to sub-license the licensed product. A Particular provision required the licensee to share...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In In Re Pilgrim’s Pride Corporation, Consol. C.A. No. 2018-0058-JTL (Mar. 15, 2019), minority stockholders sued the controlling stockholder which was a Brazilian entity in connection with the corporation’s acquisition of subsidiaries owned by the controlling...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In Vintage Rodeo Parent, LLC v. Rent-A-Center, Inc., C.A. No. 2018-0928-SG (Mar. 14, 2019), a buyer sued a target to enforce a merger agreement. The merger agreement provided that each party was entitled to terminate the agreement after the “End Date” unless either...
by EHabbart | Jul 31, 2019 | Law Updates, LU19
In Otto Candies, LLC v KPMG LLP, a company allegedly defrauded its creditors and bondholders. The creditors and bondholders sued the Swiss accounting firm and its Delaware and Mexican member firms, which audited the relevant financial statements for negligent...