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GOULD v. GOULD

Civil Action No. 3332-VCP.

JERRY C. GOULD, SR., JERRY C. GOULD, JR. as Members of and Derivatively on behalf of GOULD'S ELECTRIC OF ILLINOIS, LLC A Delaware Limited Liability Company, Petitioners, v. JAY STEPHEN GOULD and ANDREW CLARK GOULD, as Members of Gould's Electric of Illinois, LLC, Respondents.

Court of Chancery of Delaware.

Decided: January 7, 2011.

Attorney(s) appearing for the Case

Christopher A. Selzer, Esquire , McCARTER & ENGLISH, LLP, Wilmington, Delaware; Attorneys for Petitioners Jerry C. Gould, Sr. and Jerry C. Gould, Jr.

Robert A. Penza, Esquire , GORDON, FOURNARIS & MAMMARELLA, P.A., Wilmington, Delaware; Attorneys for Respondents Jay S. Gould and Andrew C. Gould.

Collins J. Seitz, Jr., Esquire , CONNOLLY BOVE LODGE & HUTZ, LLP, Wilmington, Delaware; Trustee.

MEMORANDUM OPINION

PARSONS, Vice Chancellor.

This case originates out of an action for dissolution of a business, Gould's Electric of Illinois, LLC ("GEI" or the "Company"), which is a Delaware limited liability company owned by two brothers, Jerry C. Gould, Sr. ("Jerry) and Jay S. Gould ("Jay"), and their respective sons, Jerry C. Gould, Jr. ("J.C.") and Andrew C. Gould ("Andrew"). As a result of a dispute about their respective ownership interests...

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