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Achaian Inc. v. Leemon Family LLC

Delaware Court of Chancery

25 A.3d 800 (2011)

Summary
Procedural History
Judicial Opinion
Citations

An assignment of an LLC interest can include voting rights if the LLC agreement permits such a transfer.

Relevant Facts

Achaian Inc. (Achaian) (plaintiff) acquired a 30 percent member interest from the Holland Trust, in addition to its existing 20 percent interest in Omniglow LLC. Leemon Family LLC (Leemon) (defendant) held the remaining 50 percent. Achaian claimed equal voting rights with Leemon due to the transfer of interest.

Issue

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Holding & Reasoning

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Concurrence

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Dissent

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Last updated:

December 8, 2023

Judicial Opinion

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Procedural History

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Citations

25 A.3d 800 (2011)

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