Subscribe- Plaintiff
- Olson, Brian
- Represented By:
- Birenboim, Bruce (Paul Weiss Rifkind Wharton & Garrison LLP)
- Defense
- Viking Global Finance
- Represented By:
- Garley, R. (Gibbons P.C.)
- Stoutenburg , Mark (Gibbons P.C.)
Summary
Post-trial oral arguments after Vice Chancellor Lamb ruled the statute of frauds applied to an LLC agreement.
Brian Olson was one of three co-founders of long/short equity hedge fund Viking Global Management, along with David Ott and Andreas Halverson. Olson sought to recover pursuant to a termination provision in an LLC agreement that provided for various equity and income splits among the three owners, but gave Halverson majority rights.
Viking generated revenue by charging a 1.5% management fee for funds invested, plus 20% of any profits gained.
- Plaintiff
- Defense
- Judge
- Stephen Lamb
- Jurisdiction
- Delaware Court Of Chancery
- Court
- New Castle County Courthouse
- Case Number
- 1884
- Industry
- Finance
- Practice Area
- Employment Law, Business Organizations
- Expert Witnesses
- Lay Witnesses
Sessions
PM Session
Other
5 Chapters
