- 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.)
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.
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