Kuroda v. SPJS Holdings

CONCLUDED

Hearing
10/29/09 – 10/29/09

Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2
Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

Oral argument on 3rd party defendant's motion to dismiss.

Via our friends at the the Delaware Litigation Blog: "The factual background involves an intricate web of overlapping entities. The central fact that is key to this dispute is that a few investment management professionals formed several entities for the primary purpose of investing in Japanese companies. The plaintiff was the main "point man" in Japan. Eventually, the plaintiff and the other members of the LLC had disagreements that caused the plaintiff to want to leave. This litigation started when the negotiations for an amicable departure were unsuccessful. Among the problems that gave rise to the suit included the alleged failure of the defendants to provide full payment that the plaintiff thought he was owed, and the issuance to the plaintiff of a K-1 purporting to assign him $10 million in income that he apparently did not receive."

http://www.delawarelitigation.com/2009/04/articles/chancery-court-updates/chancery-court-dismisses-sundry-claims-against-llc-members/

Sessions

Recording Disclaimer: This proceeding was recorded in full except noted sections that were not recorded.

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