Legal Opinion
Remora Investments, L.L.C. v. Orr
Supreme Court of Virginia
Decided February 27, 2009No. Record 080313PublishedCited by 15 opinions
1Opinion of the Court
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 - David L. Orr ("Orr") and Remora Investments, L.L.C. ("Remora") - each with a fifty percent ownership interest in O.A. Orr has been engaged in…
2Cases cited13 opinions
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Simmons v. MillerSupreme Court of Virginia · 2001
- Glass v. GlassSupreme Court of Virginia · 1984
- Flippo v. CSC Associates III, L.L.C.Supreme Court of Virginia · 2001
- Pocahontas Min. Ltd. v. Cnx Gas Co., LLCSupreme Court of Virginia · 2008
8 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Les Kepley v. Gerald LanzCourt of Appeals for the Sixth Circuit · 2013
- Roberts v. Fed. Hous. Fin. AgencyCourt of Appeals for the Seventh Circuit · 2018
- Siska Revocable Trust v. Milestone Dev'tSupreme Court of Virginia · 2011
- DCG & T ex rel. Battaglia/Ira v. KnightDistrict Court, E.D. Virginia · 2014
- Adair v. EQT Production Co.District Court, W.D. Virginia · 2017
10 more not listed; retrieve them via the Exa API.