Complete Logistical Services, LLC v. Rulh

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June 6, 2019

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7361 Employment Agencies
561311 Employment Placement Agencies
judicial dissolution
trade secret, business valuation, discount for lack of control (DLOC), expert testimony, fair value, buyout, discount for lack of marketability (DLOM), expert valuation, fair market value (FMV), limited liability company, minority discount, operating agreement
Complete Logistical Services, LLC v. Rulh
2019 U.S. Dist. LEXIS 95701
US
Federal Court
Louisiana
United States District Court
Jason MacMorran (plaintiff); Athen Sweet (defendant)
Fallon

Summary

In buyout dispute resulting from expulsion of LLC member, court finds state law does not preclude use of discounts in valuing withdrawing LLC member’s interest; company’s operating agreement is ambiguous on how to value expelled member’s interest, court says, leaving issue for jury to decide.
CLS v Rulh
PDF, Size: 217 KB

See Also

Court Says Expulsion Price Determination in Louisiana Buyout Dispute Is Triable Issue

Court Case Digests
June 6, 2019

In buyout dispute resulting from expulsion of LLC member, court finds state law does not preclude use of discounts in valuing withdrawing LLC member’s interest; company’s operating agreement is ambiguous on how to value expelled member’s interest, court says, leaving issue for jury to decide.