Mike Stanger and Zach Shields Help Oppressed Member of Limited Liability Company Vindicate Her Rights
Dianne Nelson sued the manager of H&N Holdings, LLC (H&N), a limited liability company in which she held a 50% interest. She also sued H&N itself, and the company’s other 50% member. When H&N and the other member elected to purchase Dianne’s interest in H&N, a five-day valuation hearing was held. Strong & Hanni attorneys Mike Stanger and Zach Shields presented the court with evidence of fraud and oppression on the part of H&N’s manager, and contended that the significant discounts argued for by H&N were inequitable. The Court agreed that the equities lay with Dianne, set aside H&N’s election to purchase Dianne’s interest, ordered that H&N be dissolved, removed H&N’s manager, and appointed a receiver over H&N’s assets. The Court then awarded Dianne her attorneys’ fees and costs. Strong & Hanni is proud to have represented Dianne in this business dispute.