Tuesday, November 20, 2012

Standing in Dispute Among Members of LLC

Standing in Dispute Among Members of LLC

            On November 16, the Kentucky Court of Appeals issued a decision addressing whether the member of an LLC has standing, in his own name, to bring an action asserting various claims including that the other member(s) has violated fiduciary duties.  It also addresses a claim for wrongful termination of employment of a member by an LLC.  Chou v. Chilton, 2012 WL 5626184 (Ky. App. Nov. 16, 2012). 
 
      As I was involved in this dispute I will not say more beyond recommending it to you.

 

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