The Business Court sorted through the drama of an affiliated outsider who wanted to buy a company, settled for half and became an insider, and then allegedly used that perch to benefit himself and his family in W. Avalon Potts v. KEL, LLC, et al, 2019 NCBC 29, 2019 WL 2058599 (N.C. Super. Ct.
Don’t Fence Me In
N.C. Business Court Declines to Impose Fiduciary Duties among Sibling Managers of an LLC and Declines to Extend Any “Control Group” Exception to LLCs, but allows Dissolution Claim to Survive, which Creates a Possible Ruling on Meiselman’s application to LLCs.
In Bennett v. Bennett, 2019 NCBC 18 (N.C. Super. Ct. Mar. 15, 2019),
Unhappy Campers
The Business Court considers a variety of claims arising out of a family campground business in Bohn v. Black, 2019 NCBC 34.
The Black Forest Family Camping Resort, Inc., a family business, was supposed to be a place where campers in Transylvania County could come to spend time with their families. It operated for