The defendant-appellees' takeaway? Become familiar with the terms of a business’s operating agreement before you invest.
March 15, 2024 at 04:32 PM
4 minute read
The Georgia Court of Appeals released a “somewhat rare” 32-page opinion in a shareholder derivative suit, upholding the Superior Court of Gwinnett County’s grant of summary judgment to the majority shareholders of an embattled LLC.
Harold Daniel of Harold Daniel Law, appellate counsel for the company, advised lawyers to become familiar with the operating agreement terms before investing into a company.
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