September 29, 2017

Mike Stanger and Zach Shields Help Oppressed Member of Limited Liability Company Vindicate Her Rights

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.