IN RE CARLISLE ETCETERA LLC

C.A. No. 10280-VCL.

114 A.3d 592 (2015)

IN RE CARLISLE ETCETERA LLC, a Delaware limited liability company.

Court of Chancery of Delaware.

Date Decided: April 30, 2015.


Attorney(s) appearing for the Case

Kurt M. Heyman , Aaron M. Nelson , Proctor Heyman Enerio LLP, Wilmington, Delaware; Attorneys for Well Union U.S. Holdings, Inc. and Well Union Capital Limited.

David J. Margules , Sean J. Bellew , Erika Caesar , Ballard Spahr LLP, Wilmington, Delaware; Thomas M. Wood, IV , Neuberger, Quinn, Gielen, Rubin & Gibber, P.A., Baltimore, MD; Attorneys for Tom James Company.


OPINION

In 2012, petitioner Well Union Capital Limited ("WU Parent") and respondent Tom James Company ("James") formed Carlisle Etcetera LLC, a Delaware limited liability company ("Carlisle" or the "Company"). They executed a simple form of operating agreement (the "Initial LLC Agreement") in which they committed...

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