Historic Charleston Holdings, LLC v. Mallon

Chief Justice TOAL:

This appeal arises out of a master-in-equity’s order to dissolve a limited-liability company (LLC). The master distributed the remaining assets of the company between its two members, Appellant Gerard Mallon (“Mallon”) and Respondent Historic Charleston Holdings (“HCH”), and awarded HCH prejudgment interest and attorneys fees. The court of appeals reversed the master’s judgment and remanded the case for a full accounting of the LLC. This Court granted certiorari and we reverse.

Factual/Procedural Background

Mallon, HCH, and William Storen formed Dixie Holdings, LLC (“Dixie”)…