Litigation

Dissolution of Corporation Request Denied

By Francis G. X. Pileggi, Esq.

 Weir v. JMACK, Inc., (Del. Ch., Sept. 23, 2008), read opinion here. This Chancery Court decision denied a request for dissolution of a corporation and is another example of the factually intensive aspect of such a request and why it is not necessarily always predictable whether such a request will be granted  to appoint a receiver and dissolve a solvent corporation--even if co-owners of a company, for example, are "stuck in a loveless marriage" in a business context. See DGCL Section 226.  See also recent summary here of  the recent Chancery Court decision in the Seneca case which denied a request to dissolve an LLC.

Full post as published by Delaware Corporate and Commercial Litigation Blog on October 11, 2008 (boomark / email).