BUSINESS ENTITIES: LIMITED LIABILITY COMPANY: STANDING: MEMBER MUST BRING DERIVATIVE, RATHER THAN DIRECT, ACTION TO ADDRESS WRONGFUL ACTS THAT DEVALUE LIMITED LIABILITY COMPANY  

Case Decision Date: Reviewed by

Dinuro Investments, LLC v. Camacho, ___ So. 3d ___, 39 Fla. L. Weekly D1428 (Fla. 3d DCA July 9, 2014)

Three members formed a limited liability company to develop real property.  The company obtained a bank loan to finance its operations.  When the bank required the members to make additional contributions to the company, only two of them complied.  As … Click To Read Full Case Law Review...