Under the link below is a new and fascinating post by Peter Mahler on the important issue of deadlock among LLC members. Peter’s introduction to the post is as follows:
Can a Deadlock Resolution Provision Cause Deadlock? This One Did
By Peter Mahler on May 20, 2019 06:24 am
Last week’s decision by Chancellor Bouchard in Acela v. DiFalco involves a flawed deadlock resolution provision in an LLC agreement that not only failed to resolve deadlock, it was exploited by one side to create deadlock. Learn more in this week’s New York Business Divorce.