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Home / Opinion Digests / Contract / Contract – LLC Operating Agreement – Breach Claim – Statute of Limitations – Breach of Fiduciary Duty – Nominal Damages (access required)

Contract – LLC Operating Agreement – Breach Claim – Statute of Limitations – Breach of Fiduciary Duty – Nominal Damages (access required)

  Where plaintiff’s declaratory judgment claims were based on his allegations that defendants had breached a contract—the operating agreements of limited liability companies—a three-year statute of limitations applied, but it did not start to run until plaintiff became aware or should have become aware of defendants’ breaches of the operating agreements. We affirm judgment for plaintiff as ...

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