Delaware Court of Chancery Dismisses Claims Relating to Sale of Company Against Private Equity Majority Owner
By EsqSocial Corporation 08/05/25
In the latest instance of a private equity seller vindicating contractual rights in the Delaware Court of Chancery, on April 30, Vice Chancellor Lori W. Will rejected attempts by minority LLC members in urgent care provider CityMD to avoid the clear terms of their LLC agreement by urging the court to impose fiduciary duty-type obligations on the majority owner and seller, Warburg Pincus, LLC and funds it controls (“WP Investors”)....
By: Vinson & Elkins LLP