Case Law Summaries

Delaware – Judicial Dissolution of LLC

DelawareGR US Licensing, LP v. Seibel (In re GR Burgr, LLC), C.A. No. 12825, decided 8/23/17.  The Delaware Chancery Court granted a petition to dissolve a Delaware LLC under Sec. 18-802 where the LLC had two 50% owners whose relationship was “acrimonious at best”, where decisions had to be unanimous, and where the LLC agreement did not provide a way to break deadlocks.  The court stated that it was “difficult to imagine how (the LLC) could be any more dysfunctional or deadlocked”.

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