The firm represented two members of a limited liability company against a third member in a dissolution and accounting action arising from deadlock and internal dissension. The firm negotiated a settlement of the action pursuant to which the parties agreed to dissolve and wind up the company, and the third member agreed to release his claims against the company and reimburse the company for his portion of unpaid operating expenses. The settlement also included a provision allowing the firm’s client, acting alone, to negotiate a sale of the company’s real property.
Counsel: P. Randolph Finch Jr. and Andrea L. Petray