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Delaware Business Dispute Blog

Unambiguous LLC Agreement Terms Prevail: When Investors Can Remove a CEO Without Board Consent

By Carl D. Neff
March 29, 2025

In Star America Rail Holdco, LLC v. Casey Cathcart and Cathcart Rail Holdco, LLC, C.A. No. 2024-0883-LWW, the Delaware Court of Chancery considered whether unambiguous LLC agreement terms allowed an outside investor to remove a company’s CEO without the…

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