A claim that one of the members has misappropriated assets of a limited liability company and ousted the other member from management is a "quintessential breach" of the fiduciary duties that may exist in a closely held business. It...
Courts loathe the appointment of receivers. First, it is often the death knell to any viable business. The appointment of a receiver is commonly good cause to default on virtually any well-drawn contract, and it send anyone otherwise interested...

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