- 11 U.S.C.
Caymus Ventures LLC v. Jundanian (In re Jundanian)
Mar
30
2012
Ruling
Debtor had no right to participate in management of LLC as operating agreement was an executory contract that was deemed rejected when debtor failed to assume or assign.
Procedural posture
Plaintiffs filed a complaint in state court against debtor, contending that the debtor had no right to participate in the management of a limited liability company (LLC). The debtor removed the case to the bankruptcy court and plaintiffs filed a motion for summary judgment.
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Court
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