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Home / Courts / N.C. Business Court / Tort/Negligence — Breach of Fiduciary Duty – LLC – Majority Member – Business Judgment Rule (access required)

Tort/Negligence — Breach of Fiduciary Duty – LLC – Majority Member – Business Judgment Rule (access required)

Where (1) defendant Hornwood, Inc. (defendant) is the majority member of the nominal defendant limited liability company (LLC); (2) defendant owned all of the manufacturing facilities at which the LLC’s products were manufactured; (3) plaintiff was not capable of manufacturing the LLC’s products without defendant; (4) the LLC’s operating agreement says that “all decisions with ...

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