In Re: ECH Management

VERDICT

Trial
07/30/09 – 07/30/09

Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2
Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

The case was a family dispute among four siblings who had interests in two properties in an LLC. The LLC operating required unanimous consent of all four siblings to take significant action, but one sibling dissented.

What was anticipated to be a 1-day bench trial seeking the court-ordered dissolution of ECH Management, a small private entity, was abbreviated when the parties presented to the judge an agreed settlement order providing for dissolution within 120 days, appointing a new liquidating trustee, setting floors or minimum prices at which properties could be sold, dismissing all claims with prejudice, and allocating attorney fees and costs to the parties.

Chancellor Chandler agreed to file the proposed order under seal to protect the confidentiality of the proposed price floors.

Outcome

The motion to dismiss the counterclaims was denied

Sessions

AM Session
Not in Session
0 Chapters
PM Session
Other
1 Chapters
JUL
30

Recording Disclaimer: This proceeding was recorded in full.

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