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Home / Opinion Digests / Corporate / Corporate – LLC – Member Freeze-out – Remedy – Purchase – Valuation Date (access required)

Corporate – LLC – Member Freeze-out – Remedy – Purchase – Valuation Date (access required)

A string of emails evinces two limited liability company (LLC) members’ brazen freeze-out of the LLC’s third member. Although courts have the authority under the Limited Liability Company Act to order either the LLC or the oppressing member(s) to purchase the oppressed member’s interest in the LLC, and although the individual defendants personally engaged in ...

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