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Business Organizations Keyed to Macey
Fisk Ventures, LLC v. Segal
Citation:2008 WL 1961156 (2008)
Genitrix, LLC, is a Delaware limited liability company formed to develop and market biomedical technology. Dr. Segal founded the company in 1966. The company was moved to Delaware in 1997 at the behest of Dr. H. Fisk Johnson who invested heavily. Dr. Segal claimed that defendants breached the LLC agreement, the implied covenant of good faith and fair dealing implicit in the LLC agreement and their fiduciary duties to the company. Segal contends that the Class B defendants failed to comply with their duties to Segal and to the company by standing in the way of proposed financing.
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