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KRITI RIPLEY v. EMERALD INVESTMENTS

No. 27277.

404 S.C. 367 (2013)

746 S.E.2d 26

KRITI RIPLEY, LLC and Ashley River Properties II, LLC, Appellants, v. EMERALD INVESTMENTS, LLC and Stuart Longman, Respondents.

Supreme Court of South Carolina.

Decided June 26, 2013.

Rehearing Denied August 8, 2013.

Attorney(s) appearing for the Case

William C. Cleveland , of Womble, Carlyle, Sandridge, and Rice, LLP, of Charleston, for Appellants.

Richard S. Rosen , Daniel F. Blanchard, III , and James A. Bruorton, IV , all of Rosen, Rosen, & Hagood, LLC, of Charleston, for Respondents.

Justice HEARN.

This case is the culmination of a long and tortured dispute between two members of a limited liability company (LLC) and presents us with the novel issue of foreclosure on a member's interest under the South Carolina Uniform Limited Liability Company Act.1 Kriti Ripley, LLC and Emerald Investments, LLC formed Ashley River Properties II, LLC (Ashley River II) for the purpose of developing a parcel of property. Emerald made...

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