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Chancery Addresses Pleading-Stage Arguments for Dismissal in LLC Dispute

By Albert H. Manwaring, IV, Albert J. Carroll, Alena Smith on April 5, 2024
Posted In Alternatives Entities, Chancery, Rules of Procedure


Principal Growth Strategies LLC v. AGH Parent LLC, C.A. 2019-0431-JTL (Del. Ch. January 25, 2024)
This decision provides helpful guidance to practitioners to address pleading-stage arguments for dismissal. The plaintiff asserted fiduciary claims against the controller and manager of a Delaware LLC, who allegedly engineered an asset-swap transaction at the expense of the LLC. The Court of Chancery largely denied the motions to dismiss. More ›

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