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Business Organizations Keyed to Macey
Achaian, Inc. v. Leemon Family LLC
Citation:
25 A.3d 800 (2011)Facts
Ominglow, LLC is a Delaware limited liability company engaged in the manufacture of chemiluminescent novelty items. Ominglow had a sole member, its parent corporation. Parent sold Omniglow to three business entities. That resulted in Omniglow having three members; 50% were owned by defendant Leemon Family LLC, 20% were owned by the plaintiff Achaian, Inc. For two years, Holland and Leemon, together comprising 80% of the interests, managed Omniglow’s business with Achaian taking a passive role as an investor. In 2008, however, Leemon took sole control of Omniglow in contravention of Omniglow’s LLC agreement. Achaian filed this suit claiming that it and Leemon are now deadlocked and sought an order of dissolution.
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