The first line of the attached new Court of Chancery decision is as follows:

“This matter involves the withdrawal of a member from an LLC, which (per the de facto LLC agreement) entitles him to a percentage of the value of the LLC’s business, as of the time of withdrawal, as valued without the continuing services of that member.”

https://llc199a.com/wp-content/uploads/Smith-v-Promotory-Financial.pdf