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KURODA v. SPJS HOLDINGS, L.L.C.

Civil Action No. 4030-CC.

971 A.2d 872 (2009)

Kenzo KURODA, Plaintiff, v. SPJS HOLDINGS, L.L.C., Liberty Square Asset Management, L.L.C., WGL Capital Corp., Warren G. Lichtenstein, Thomas J. Niedermeyer, Jr., and Claire A. Walton, Defendants.

Court of Chancery of Delaware.

Decided: April 15, 2009.

Attorney(s) appearing for the Case

Collins J. Seitz, Jr., David E. Ross, and Ryan P. Newell, of Connolly Bove Lodge & Hutz LLP, Wilmington, Delaware; of Counsel: Reid M. Figel, David L. Schwarz, and Kelly P. Dunbar, of Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C., Washington, D.C., Attorneys for Plaintiff.

Edward McNally, Lewis H. Lazarus, and Jason C. Jowers, of Morris James LLP, Wilmington, Delaware; of Counsel: Howard J. Kaplan, Lisa C. Solbakken, and Sara Welch, of Arkin Kaplan Rice LLP, New York, New York, Attorneys for Defendants.

OPINION

CHANDLER, Chancellor.

Plaintiff's primary claim in this case is that he is owed money pursuant to a limited liability company agreement. From around 2002 to 2006, plaintiff served as an investment adviser for a group of entities that invested in publicly traded Japanese corporations. As part of this arrangement, plaintiff entered into various agreements with defendants, including the limited liability company agreement at issue in this case...

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