Friend of Camden, Inc. v. Brandt, No. B309746, 2022 Cal. App. LEXIS 674 (Ct. App. Aug. 2, 2022)
Owner of a 1% interest in an LLC sued to dissolve the LLC. Holders of less than 50% of the LLC intervened and moved for a mandatory buyout of the plaintiff's interest under Corp. Code 17707.03. By then owners of a majority of shares (including plaintiff) voted to dissolve the LLC under Corp. Code 17707.01. This decision holds that the… Read More