CML V, LLC v. Bax

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• reasoning that Section 18-306 represents a departure from the common law rule against penalties
• reasoning that Section 18-306 represents a departure from the common law rule against penalties
• declining to find that LLC Act confers standing to sue derivatively on creditors of an insolvent LLC
• declining to replicate corporate doctrine of creditor derivative standing in LLCs; noting that “there is nothing absurd about different legal principles applying to corporations and LLCs”
• declining to replicate corporate doctrine of creditor derivative standing in LLCs; noting that “there is nothing absurd about different legal principles applying to corporations and LLCs”
• discussing pertinent statutory sections of LLC Act

Source: CourtListener parenthetical corpus (CC0).

Cited by

17 cases in this archive cite this case.

• Mantle v. N. Star Energy & Constr. LLC
  Wyoming Supreme Court· 2019-03-12· cited 38×
• Official Comm. Unsecured Creditors of HH Liquidation, LLC v. Comvest Grp. Holdings, LLC (In re HH Liquidation, LLC)
  D. Delaware· 2018-01-26· cited 23×
• Tow v. Amegy Bank N.A.
  S.D. Texas· 2013-09-30· cited 7×
• Gavin/Solmonese LLC v. Citadel Energy Partners, LLC. (In re Citadel Watford City Disposal Partners, L.P.)
  D. Delaware· 2019-05-02· cited 6×
• Stanziale v. MILK072011, LLC (In re Golden Guernsey Dairy, LLC)
  D. Delaware· 2015-09-21· cited 3×
• In re Carlisle Etcetera LLC
  Court of Chancery of Delaware· 2015-04-30
• Obeid v. Hogan
  Court of Chancery of Delaware· 2016-06-10
• Stephen B. Trusa v. Norman Nepo
  Court of Chancery of Delaware· 2017-04-13
• Kathleen Coyne v. Fusion Healthworks, LLC
  Court of Chancery of Delaware· 2019-04-30
• Menacker v. Overture, L.L.C.
  Court of Chancery of Delaware· 2020-08-04
• Clifford Paper, Inc. v. WPP Investors, LLC
  Court of Chancery of Delaware· 2021-06-01
• In re Cellular Telephone
  Court of Chancery of Delaware· 2021-09-28
• XRI Investment Holdings LLC v. Holifield
  Court of Chancery of Delaware· 2022-09-13
• XRI Investment Holdings LLC v. Holifield
  Court of Chancery of Delaware· 2022-09-19
• Idnani v. Venus Capital Management, Inc.
  Massachusetts Superior Court· 2011-01-07
• Ainslie, Brad v. Cantor Fitzgerald LP
  Court of Chancery of Delaware· 2023-01-04
• Young Women's Christian Association of Rochester & Monroe County v. Hatteras Funds, LP
  Court of Chancery of Delaware· 2026-03-31

Cites

19 cases in this archive are cited by this case.

• Trenwick America Litigation Trust v. Ernst & Young, L.L.P.
  Court of Chancery of Delaware· 2006-08-10· cited 250×
• North American Catholic Educational Programming Foundation, Inc. v. Gheewalla
  Supreme Court of Delaware· 2007-05-18· cited 207×
• Vanderbilt Income & Growth Associates, L.L.C. v. Arvida/JMB Managers, Inc.
  Supreme Court of Delaware· 1996-12-12· cited 180×
• Handley v. Stutz
  Supreme Court· 1891-03-30· cited 179×
• Elf Atochem North America, Inc. v. Jaffari
  Supreme Court of Delaware· 1999-04-06· cited 173×
• Production Resources Group, L.L.C. v. NCT Group, Inc.
  Court of Chancery of Delaware· 2004-11-17· cited 157×
• Coastal Barge Corp. v. Coastal Zone Industrial Control Board
  Supreme Court of Delaware· 1985-04-22· cited 134×
• Trenwick America Litigation Trust v. Billett
  Supreme Court of Delaware· 2007-08-14· cited 129×
• LeVan v. Independence Mall, Inc.
  Supreme Court of Delaware· 2007-12-05· cited 120×
• Eliason v. Englehart
  Supreme Court of Delaware· 1999-07-14· cited 94×
• Schoon v. Smith
  Supreme Court of Delaware· 2008-02-12· cited 78×
• Darling Apartment Co. v. Springer
  Supreme Court of Delaware· 1941-10-28· cited 69×
• Sun-Times Media Group, Inc. v. Black
  Court of Chancery of Delaware· 2008-07-30· cited 63×
• Harff v. Kerkorian
  Court of Chancery of Delaware· 1974-07-23· cited 55×
• Harff v. Kerkorian
  Supreme Court of Delaware· 1975-10-17· cited 48×
• Newtowne Village Service Corp. v. Newtowne Road Development Co.
  Supreme Court of Delaware· 2001-05-02· cited 44×
• Snyder v. Andrews
  Supreme Court of Delaware· 1998-03-24· cited 25×
• In Re Opinions of the Justices
  Supreme Court of Delaware· 1952-04-01· cited 17×
• Allright Missouri, Inc. v. Billeter
  First Circuit· 1987-09-16· cited 2×