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Business Organizations Keyed to Sjostrom
Feeley v. NHAOCG, LLC
Citation:
62 A.3d 649 (Del. Ch. 2012)Facts
Plaintiff Christopher J. Feeley and defendant Andrea Akel worked for NorthMarq Capital Group, Inc. In late 2009, Feeley and Akel wanted to strike out on their own. Akel turned to her father, defendant George Akel. George, Newman and Hughes liked the idea of baking George’s daughter but there were concerned about going into business with Feeley, an untested stranger. In January 2010, the parties formed Oculus. The two members are plaintiff AK – Feel, LLC and defendant NHAOCG, LLC. AK – Feel’s two members are Feeley and Andrea Akel. NHA’s members are entities affiliated with Newman, Hughes, and George Akel. NHA alleges that Feeley failed in his managerial roles at Oculus and decided the end their business relationship with Feeley and attempted to take over Oculus. On March 5, 2012, Feeley and AK – Feel filed this litigation, in which they sought to block NHA’s attempt and establish their continuing control.
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