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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