News & Analysis as of

Limited Liability Company (LLC) Pharmaceutical Industry

Morris James LLP

Chancery Orders Dissolution of Pharmaceutical LLC

Morris James LLP on

Acela Investments LLC v. DiFalco, C.A. No. 2018-0558-AGB (Del. Ch. May 17, 2019). Because LLCs are “creatures of contract” and the policy of the Delaware Limited Liability Company Act is to give maximum effect to the...more

Farrell Fritz, P.C.

Can a Deadlock Resolution Provision Cause Deadlock? This One Did

Farrell Fritz, P.C. on

This is the story of a deadlock resolution provision that backfired. It is a long story — 94 pages long to be exact. That is the length of Chancellor Bouchard’s characteristically detailed and thorough post-trial opinion...more

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