The Third District Court of Appeal has issued a landmark opinion setting forth Florida’s law to determine the limited circumstances in which a corporate shareholder or limited liability company member has standing to bring a direct claim for damages relating to the company.

In Dinuro Investments v. Camacho, the court on July 9 affirmed Miami-Dade Circuit Judge John Thornton’s dismissal of an LLC member’s claims. The opinion, however, has far-reaching implications.