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: Delaware Corporate and Commercial Litigation BlogOral LLC Agreements Addressed by Delaware Supreme Court
By Francis G. X. Pileggi, Esq.
Olson v. Halverson, No. 338, 2009 (Del. Supr., Dec. 15, 2009), read opinion here, is a decision of the Delaware Supreme Court issued this week which affirmed a Delaware Chancery Court decision that applied the statute of frauds to an oral LLC agreement. The Chancery Court decision was highlighted on this blog here.
LLC Expert Professor Larry Ribstein has already provided a scholarly analysis here, (to which I could not add anything in the middle of a week-long "deposition marathon" that I find myself in.)
Full post as published by Delaware Corporate and Commercial Litigation Blog on December 16, 2009 (boomark / email).
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