REMORA INVESTMENTS, L.L.C. v. ORR

Record No. 080313.

673 S.E.2d 845 (2009)

REMORA INVESTMENTS, L.L.C. v. David L. ORR.

Supreme Court of Virginia.

February 27, 2009.


Attorney(s) appearing for the Case

Robert K. Richardson (Odin, Feldman & Pittleman, on briefs), Fairfax, for appellant.

Richard C. Sullivan, Jr. (Reed Smith LLP, on brief), Falls Church, for appellee.

Present: KEENAN, KOONTZ, KINSER, LEMONS, GOODWYN, MILLETTE, JJ., and STEPHENSON, S.J.


OPINION BY Justice DONALD W. LEMONS.

In this appeal, we consider whether a member of a limited liability company ("L.L.C.") may bring a direct action against the manager of that L.L.C. for an alleged breach of fiduciary duty to the individual member or if such an action must be brought derivatively on behalf of the L.L.C.

I. Facts and Proceedings Below

O.A.L.L.C. ("O.A.") was formed in 2000 as a Virginia limited liability company with only two members...

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