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· 12/16/2004

Haley v. Talcott

Citations

  • 864 A.2d 86
  • 2004 WL 3029866
  • 2004 Del. Ch. LEXIS 190

How courts have described this case

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

  • holding that a joint venture existed where an employment contract “establish[ed] a relationship more similar to a partnership than a typical employer/employee relationship”
  • finding that the parties were at an impasse based on evidence including that they had “not interacted since their falling out” a year before and their “open hostility” toward one another
  • ordering dissolution under Delaware’s “not reasonably practicable” standard where the LLC, while continuing to “technically function[ ],” existed under a “residual, inertial status quo”
  • declining to consign parties to contractual exit mechanism where it was ―not equitable to force [one 50% owner] to use the exit mechanism in this circumstance‖
  • finding deadlock where there was “strident” disagreement over how to manage the asset of the LLC and open hostility between two 50% members of an LLC
  • granting a petition to dissolve a limited liability company where the company’s two, 50% member/managers were in “deadlock . . . about the business strategy and future of” the company

Source: CourtListener parenthetical corpus (CC0).

Judges: Strine

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.