Maryland Indoor Play v. Snowden Investment

Maryland Indoor Play, LLC, et al. v. Snowden Investment LLC, No. 29, September Term, 2024. Opinion by Gould, J. CONTRACTS – BREACH OF INVESTMENT RIGHT – MEASURE OF DAMAGES The Supreme Court of Maryland held that the proper measure of damages for a breach of an investor’s right to purchase a membership interest in a limited liability company is general damages, measured on the date of the breach and calculated using the fair market value of the interest at the time of breach, minus the price the investor would have paid for the interest. CONTRACTS – BREACH OF INVESTMENT RIGHT – SPECIFIC…