Vila v. BVWebTies LLC, C.A. No. 4308-VCS (Del. Ch. Oct. 1, 2010), read opinion here .
This opinion adds needed depth to the case law on Section 18-802 of the Delaware LLC Act which allows a member of an LLC to seek dissolution when it is not "reasonably practicable" to continue...
Under Virginia law, a partner can apply for dissolution
of a partnership under Virginia Code § 50-73.117(5) upon grounds that: (a) The
economic purpose of the partnership is likely to be unreasonably frustrated;
(b) Another partner has engaged in conduct relating to the partnership business
In the Matter
of Krafft-Murphy Company, Inc. , C.A. No. 6049-VCP (Del. Ch. Feb. 4,
This case addresses a question of first impression in
Delaware: Whether a receiver should be appointed more than 10-years after the
dissolution of a Delaware corporation when the dissolved...
of Appeals in February 2011 ordered Judge Jolly to dissolve Mitchell,
Brewer, Richardson, Adams, Burge & Boughman, a law firm organized as a
member-managed professional limited liability company. The dissolution
was ordered per N.C. Gen. Stat. § 57C-6-02 ,
which authorizes judicial...
The collapse of the venerable Dewey & LeBoeuf law firm is a cautionary tale from which observers have drawn many lessons, including cautions about the perils associated with large law firm mergers and the challenges associated with various forms of law firm partner compensation. The firm's failure...