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Jenner & Block

Delaware Court Upholds Contractual Freedom in Dismissal of CityMD Merger Challenge

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In a landmark decision with far-reaching implications for private equity-backed ventures and minority investors in Delaware limited liability companies, the Delaware Court of Chancery dismissed a lawsuit brought by former...more

Morris James LLP

Delaware Supreme Court Clarifies When LLC Agreement Makes A Contract Void

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CompoSecure LLC v. Cardux LLC, C.A. No. 177,2018 (Del. November 7, 2018) - This is an important decision because it holds that an LLC agreement may make a contract void for failure to comply with the required provisions in...more

Morris James LLP

Court of Chancery Awards Fair Value to Forced-Out LLC Member

Morris James LLP on

Domain Associates LLC v. Shah, C.A. No. 12921-VCL (Del. Ch. Aug. 13, 2018) - An LLC agreement may provide what payout a departing member receives for his or her interest. It also may provide that a member may be forced to...more

Foster Garvey PC

How to Avoid Litigation in Uncertain Times

Foster Garvey PC on

The shredding of the Cole memo last month leaves the cannabis industry in an uncertain regulatory environment. Industry-wide anxiety of this sort can sometimes breed business disputes that wind up in litigation. Besides...more

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