The Delaware Court of Chancery, in SolarReserve CSP Holdings, LLC v. Tonopah Solar Energy, LLC, et al., C.A. No. 2019-0791-JRS, memo. op. (Del. Ch. Mar. 18, 2020), found that an indirect LLC equityholder that voluntarily traded away a controlling interest in the entity and did not bargain for a contractual dissolution right in the LLC Agreement was not entitled to equitable dissolution.
NEW: Morris James discusses the decision in Chancery Denies Non-Member, Non-Manager’s Bid for Equitable Dissolution of LLC.
K&L Gates discusses the decision in Delaware Court of Chancery Dismisses Petition For Equitable Dissolution of an LLC By A Non-Member.
Fox Rothschild discusses the decision in Court of Chancery Opinion Addresses the Equitable Dissolution of a Delaware LLC.
Francis Pileggi discussed the decision in Issue of Equitable Dissolution of LLC Analyzed.
Skadden Arps discusses the decision in Delaware Supreme Court Upholds Validity of Provisions Designating Federal Courts as Exclusive Forum of 1933 Act Claims.