Case
Mehra v. Teller
4 published works
New York Business Divorce
Warning: If You Want Legal Fee Advancement or Indemnification, You May Need to Amend Your Partnership, Shareholder, or Operating Agreement
Last week, the Court of Appeals announced a major clarification of the law of advancement and indemnification of legal fees in disputes among closely-held business owners. Read about it in…
Delaware Courts
Delaware Court of Chancery: Deadlock Can be Genuine Even When Unilaterally Orchestrated
A Delaware Court of Chancery case decided earlier this year provides some useful guidance on the interpretation of LLC agreements and what constitutes a “deadlock” under Delaware law. The case,…
Delaware Business Dispute Blog
Delaware Chancery Denies Member’s Request to Invalidate Dissolution of a Delaware Limited Liability Company
By Carl D. Neff
In a noteworthy and recent Court of Chancery decision, Mehra v. Teller, C.A. No. 2019-0812-KSJM (Del. Ch. Jan. 29, 2021), the Delaware Court of Chancery ruled upon a member's request…
Delaware Corporate & Commercial Litigation Blog
Recent Chancery Decision Addresses Dissolution Based on LLC Deadlock
A recent Delaware Court of Chancery decision provided an exemplary analysis of when a deadlock in an LLC might be the basis for a dissolution. In Mehra v. Teller, C.A.…