Mergers & Antitrust Law News

Dispute Over Interests in Joint Company Proceeds Partly in Court

March 19, 2020, 11:43 PM

Diversity Communication LLC convinced the Delaware Court of Chancery Thursday to compel arbitration of some, but not all, of the claims in a lawsuit brought by 360 Campaign Consulting LLC over its interests in a formerly jointly-owned company.

Diversity and 360 Campaign shared a 50% interest in the face-to-face fundraising canvassing company The Outreach Team LLC until Diversity effectively resigned, after which time 360 Campaign says Diversity failed to force a buyout of 360 Campaign’s interests. Diversity then sought to strip the LLC of its assets and continue its business under a new name, Grassroots Team LLC, 360 Campaign alleges....

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