Delaware Court of Chancery: Deadlock Can be Genuine Even When Unilaterally Orchestrated
By EsqSocial Corporation 05/05/21
A Delaware Court of Chancery case decided earlier this year provides some useful guidance on the interpretation of LLC agreements and what constitutes a “deadlock” under Delaware law. The case, Mehra v. Teller, involved a deadlock between co-managers of a Delaware limited liability company, EOS Investor Holding Company LLC (“Holdco”) and the resultant dissolution of that company....
By: Snell & Wilmer