Park Regency, LLC v. R & D Development of the Carolinas

CURETON, A.J.

In this suit arising from a dispute among members of a limited liability company (LLC), the trial court dissociated R & D Development of the Carolinas, LLC (R & D) from the company and ordered the remaining members of the company to purchase R & D’s distributional interest. Appellants contend the trial court erred in (1) not considering the company’s legal obligation to repay debts to its remaining members and other relevant and undisputed evidence when valuing R & D’s distributional interest and (2) treating R & D’s liability to the other members as an offset to the fair value…