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Business Organizations Keyed to Macey
Anderson v. Wilder
Citation:2003 WL 22768666 (2003)
FuturePoint Administrative Services, LLC, was created by the parties on January 1, 2000. FuturePoint’s management committee was comprised of plaintiffs and defendants. On September 10, 2001, a members’ meeting took place at which two offers to purchase ownership units at a price of $250 per unit were discussed. On September 14, 2001, plaintiffs were expelled from the LLC by the defendants. Pursuant to the agreement, the remaining members bought the ownership interests of the expelled members at a price of $150 per membership unit and sold a total of 499 membership units to Don Allen at $250 per unit. Plaintiffs alleged breach of fiduciary duty and duty of good faith and fair dealing.
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