- Plaintiff
- Hindman, Arthur
- Represented By:
- Andersen, Eric (Cooch And Taylor, PA)
- Defense
- ECH Management, LLC
- Represented By:
- Proctor, Vern (Proctor Heyman)
In Re: ECH Management
VERDICT
Trial
07/30/09 – 07/30/09
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
- Plaintiff
- Defense
- Judge
- William Chandler
- Jurisdiction
- Delaware Court Of Chancery
- Court
- Court of Chancery Courthouse
- Case Number
- 3126-CC and 3127-CC
- Industry
- Real Estate
- Practice Area
- Business Organizations
- Expert Witnesses
- Lay Witnesses
Sessions
AM Session
Not in Session
0 Chapters
PM Session
Other
1 Chapters
Recording Disclaimer: This proceeding was recorded in full.