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SEVA HOLDINGS INC. v. OCTO PLATFORM EQUITY HOLDINGS, LLC

C.A. No. 2022-0437-PRW.

SEVA HOLDINGS INC., Plaintiff, v. OCTO PLATFORM EQUITY HOLDINGS, LLC, Defendant.

Court of Chancery of Delaware.

Decided: August 29, 2024.

Attorney(s) appearing for the Case

Alan D. Albert, Esquire, O'HAGAN MEYER PLLC, Wilmington, Delaware, Charles M. Sims Esquire, (argued), Rachael L. Loughlin, Esquire, C. Quinn Adams, Esquire, O'HAGAN MEYER PLLC, Richmond, Virginia. Attorneys for Plaintiff Seva Holdings, Inc.

Brian C. Ralston, Esquire, Daniel M. Rusk IV, Esquire, POTTER ANDERSON & CORROON LLP, Wilmington, Delaware, Paul A. Werner, Esquire, Imad Matini Esquire, (argued), SHEPPARD MULLIN RICHTER & HAMPTON, LLP, Washington, District of Columbia. Attorneys for Defendant Octo Platform Equity Holdings, LLC.

MEMORANDUM OPINION AND ORDER

I. INTRODUCTION

This Opinion addresses the applicability of the absolute litigation privilege to the repurchase of a member's interests in a Delaware limited liability company. The defendant here sought to repurchase the plaintiff's interests on the basis of alleged...

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