Groups » Society of Advanced Studies on Corporate Law

Judgment Awarding Value of Withdrawing Member’s Interest in an LLC Subordinated

  • Reno Fernandez
    Jan 12 2015, 06:51 AM
    Judgment Awarding Value of Withdrawing Member’s Interest in an LLC Subordinated

    In O’Donnell v. Tristar Esperanza Properties, LLC, BAP No. CC-12-1340-KIPaDu (9th Cir. BAP Mar. 8, 2013), the Ninth Circuit Bankruptcy Appellate Panel held that a judgment awarding the value of a withdrawing member’s interest in a limited liability company is vulnerable to mandatory subordination under Bankruptcy Code Section 510(b) as damages arising from the purchase or sale of a security.

    Read more here: http://tinyurl.com/phu9rbf


Reply

You have to be a member of "Society of Advanced Studies on Corporate Law" in order to reply.

Join


Society of Advanced Studies on Corporate Law