KATRIS v. CARROLL

No. 1-04-3639.

842 N.E.2d 221 (2005)

362 Ill. App.3d 1140

299 Ill.Dec. 482

Peter KATRIS, Individually and in a Derivative Capacity on Behalf of Viper Execution Systems, L.L.C., Plaintiff-Appellant, v. Patrick CARROLL and Ernst & Company, Defendants-Appellees (Stephen Doherty and William Behrens, Defendants).

Appellate Court of Illinois, First District, Sixth Division.

December 23, 2005.


Attorney(s) appearing for the Case

William P. Suriano, Law Offices of William P. Suriano, Riverside, for Appellant.

Steven M. Malina, Beth A. Black, Morgan, Lewis & Bockius L.L.P., Chicago, for Appellees.


Presiding Justice McNULTY delivered the opinion of the court:

This case concerns the applicability of fiduciary duties to a member of a manager-managed limited liability company under the Illinois Limited Liability Company Act (805 ILCS 180/1-1 et seq. (West 2002)) (Act). Plaintiff-appellant Peter Katris, individually and in a derivative capacity on behalf of Viper Execution Systems, L.L.C. (the LLC), asserted a cause of action for collusion against defendants...

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